UNIPART GROUP LIMITED
Company number: 00576777
1 January 2019
to 30 June 2019
This report was filed on 31 July 2019
and approved by Chris Weldon
Average time taken to pay invoices: 47 days
- within 30 days: 34%
- in 31 to 60 days: 46%
- in 61 days or more: 20%
Invoices due but not paid within agreed terms: 31 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
Payment terms do vary across suppliers based on the type of service provided and the nature of the supplier. Unipart's preferred payment term is to pay invoices no later than 4 working days after the last day of the month following the month in which the relevant undisputed invoice is received by Unipart.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Payment to this supplier is 90 days from the end of the invoice month, and therefore between 90 and 120 days from invoice date.
Any other information about payment terms
Dispute resolution process
Unipart is committed to dealing with its suppliers in a fair and professional manner. All queries should be directed to our Accounts Payable team (firstname.lastname@example.org) who will seek to resolve queries as quickly as possible , including escalating as appropriate.
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?