ETEX BUILDING PERFORMANCE LIMITED
Company number: 02163844
1 January 2019
to 30 June 2019
This report was filed on 26 July 2019
and approved by Wim Schelfhout
Average time taken to pay invoices: 52 days
- within 30 days: 34%
- in 31 to 60 days: 32%
- in 61 days or more: 34%
Invoices due but not paid within agreed terms: 40 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
End of month plus 65 days
Intercompany: 20th of the month following month of invoice
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
End of month plus 4 months (those on supplier finance)
Vendors using supplier finance are charged a fee therefore the payment date used is the date the finance provider is paid.
Any other information about payment terms
Dispute resolution process
Any complaints, concerns or disputes regarding payments should be directed to Accounts Payable, which is part of the Shared Service department.
Accounts Payable will actively seek to resolve disputes through discussion with the supplier on a timely basis. If Accounts Payable have a query or dispute on invoice, they will contact the supplier immediately.
In the event that a response is not forthcoming, the dispute can be escalated to the relevant department raising the purchase order.
Where it is not possible to reach an agreement, the dispute may be escalated to the Purchasing Department.
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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?