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THE CONSORTIUM FOR PURCHASING AND DISTRIBUTION LIMITED

Company number: 03100039

Reporting period:
1 December 2017 to 31 May 2018


Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 22 June 2018

and approved by Greg Davidson

Payment statistics

Average time taken to pay invoices: 50 days

Invoices paid:

Invoices due but not paid within agreed terms: 63 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

60 days

Standard payment terms

The majority of our contracts are 60 days from receipt of invoice. However there are instances where this can be adjusted as a result of wider contractual negotiations.

Were there any changes to the standard payment terms in the reporting period?

Yes – Increase from 30 days to 60 days

Were suppliers notified or consulted about these changes before they were made?

No

Maximum contractual payment period agreed

120 days

Any other information about payment terms

N/A

Dispute resolution process

Disputes are resolved through the procurement 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.

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