IMERYS MINERALS LIMITED
Company number: 00269255
Reporting period:
1 January 2019 to 30 June 2019
Report filed on:
25 July 2019
Approved by:
Adelino De Gouveia
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 43%
- in 31 to 60 days: 33%
- in 61 days or more: 24%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 27%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
The standard payment term for qualifying shipping/logistics contracts is "End of the month +1 on the 1st" following submission of a correctly rendered invoice. Invoices are paid between 30 and 60 days depending upon invoice date. For example, all invoices dated in February will be paid on 1st April.
The standard payment term for qualifying contracts is "End of the month +2 on the 1st" following submission of a correctly rendered invoice. This means that invoices are paid between 60 and 90 days depending upon the invoice date. For example all invoices dated in February will be paid on 1st May.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
We aim to proactively resolve disputes prior to the agreed payment due date. In the first instance contact is with the accounts payable team, and if required escalation is with the purchasing department. All suppliers are provided with the relevant contact details. There are no instances where litigation or legal proceedings have been required.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No