STANDARD ADVISORY LONDON LIMITED
Company number: 08878241
Reporting period:
1 January 2019 to 30 June 2019
Report filed on:
13 August 2019
Approved by:
Roxanne Litynska
Payment statistics
Average time taken to pay invoices: 7 days
Invoices paid:
- within 30 days: 99%
- in 31 to 60 days: 0%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Payment within 30 days from receipt of valid invoice
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
The standard Service Request within the contractual agreement from Standard Advisory London outlines the dispute resolution process. All contract agreements detail the invoicing and payment terms required from the supplier to enable SALL to pay the contractual amounts due.
For invoicing disputes, Suppliers are asked to place their issue in writing to the Standard Advisory London Accounts Payable team (Accounts.Payable@standardsbg.com) who receive, process and respond to queries and disputes. The team strives to obtain the resolution of invoicing issues within a timely manner.
Where applicable the Accounts Payable team will work alongside the Business contact to resolve payment issues/disputes in accordance with internal investigation and escalation procedures.
If a dispute pertains to a Legal element of the contract then this must be put in writing to the Head of Legal Counsel for SALL. The contractual clause sets out the respective addresses at which all processes and notices (for the purpose of legal proceedings) arising out of or in connection with the Agreement, its breach or termination may validly be served upon or delivered to.
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 Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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