TUFFNELLS PARCELS EXPRESS LIMITED
Company number: 00319964
Reporting period:
1 March 2019 to 31 August 2019
Report filed on:
30 September 2019
Approved by:
Mr Tony Grace
Payment statistics
Average time taken to pay invoices: 24 days
Invoices paid:
- within 30 days: 79%
- in 31 to 60 days: 17%
- in 61 days or more: 4%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 29%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
50 days
Standard payment terms
Standard payment terms of 30 days are deemed the firm's default, unless specific agreement is reached with individual suppliers for an alternative payment period. Sub-contractor payments are 18 days from invoice week ending date.
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
50 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Invoices are matched on receipt and disputed invoices notified to the supplier. Disputes are managed directly between the supplier and site and resolved items are then reprocessed.
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