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Company number: 02051360

Reporting period:
2 February 2019 to 1 August 2019

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

This report was filed on 29 August 2019

and approved by Richard Rawcliffe

Payment statistics

Average time taken to pay invoices: 58 days

Invoices paid:

Invoices due but not paid within agreed terms: 1 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

80 days

Standard payment terms

The company’s most frequently terms used during the reporting period were Net 0, Net 30, and Net 80 days.

Net Terms: Payment is processed by daily payment following 0/30/or 80 days (per terms) after the invoice is received.

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


Maximum contractual payment period agreed

80 days

Any other information about payment terms


Dispute resolution process

In the event of a dispute between a vendor and the company, the vendor can contact the accounts payable department including via an online tool accessible to vendors. The accounts payable department will work to address and resolve the issue. If the matter remains unresolved, it will be escalated to company management, with ultimate redress to applicable courts.

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?