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S.D. TAYLOR LIMITED

Company number: 00550055

Reporting period:
1 January 2019 to 30 June 2019

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

This report was filed on 31 July 2019

and approved by Davie Thompson

Payment statistics

Average time taken to pay invoices: 14 days

Invoices paid:

• within 30 days: 92%
• in 31 to 60 days: 6%
• in 61 days or more: 1%

Invoices due but not paid within agreed terms: 38 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

Payment terms are net 30 days unless otherwise agreed between Loans At Home and the seller.

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

No

Maximum contractual payment period agreed

30 days

The majority of our suppliers are either on net 30 days or lower.

Any other information about payment terms

% of invoices not paid within the agreed time is higher than it should be due to payment terms set to zero in the system in order to pay certain suppliers promptly

Dispute resolution process

The main point of contact for disputes is Loans At Home's Accounts Payable department in Leeds. When an invoice is disputed, the supplier will be contacted indicating the invoice number and reason for rejection. To resolve a dispute, the supplier is required to provide any missing information or a corrected invoice. The email address for supplier queries is invoices@loansathome.co.uk

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