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LAURA ASHLEY LIMITED
Company number: 00531301
Reporting period:
1 January 2019
to 30 June 2019
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 28 July 2019
and approved by SEAN ANGLIM
Payment statistics
Average time taken to pay invoices: 38 days
Invoices paid:
- within 30 days: 45%
- in 31 to 60 days: 44%
- in 61 days or more: 11%
Invoices due but not paid within agreed terms: 0 %
Payment terms
Standard payment period for qualifying contracts
60 days
Standard payment terms
Default/standard contractual payment
terms are 60 days from date of invoice
Any changes requested by the suppliers
to standard contractual terms need to be
agreed by the Finance Director Any
changes to standard payment terms will
be notified to all suppliers affected
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
n/a
Any other information about payment terms
N/A
Dispute resolution process
Suppliers will contact our Accounts
Payable team who will endeavour to
resolve the problems
If the problems cannot be resolved, the
Finance team wil escalate the matter to
Senior Management / Directors
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.No
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.
Yes
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