LAURA ASHLEY LIMITED
Company number: 00531301
Reporting period:
1 July 2017
to 31 December 2017
This report was filed on 31 May 2018
and approved by Sean Anglim
Payment statistics
Average time taken to pay invoices: 43 days
Invoices paid:
- within 30 days: 34%
- in 31 to 60 days: 49%
- in 61 days or more: 17%
Invoices due but not paid within agreed terms: 35 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
90 days
Standard payment terms
suppliers are normally paid on terms of 60 days from invoice date. Certain suppliers are paid within 30 days where necessary. Terms beyond 60 days are only agreed infrequently.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
Suppliers can contact the Accounts Payable team who will endeavour to resolve any issues in the first instance. Issues which cannot be resolved are promptly passed to and handled by the Senior Management Team.
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