TOYOTA FINANCIAL SERVICES (UK) PLC
Company number: 02299961
Reporting period:
1 April 2019 to 30 September 2019
Report filed on:
14 October 2019
Approved by:
Rupert Wentworth-Jessop
Payment statistics
Average time taken to pay invoices: 8 days
Invoices paid:
- within 30 days: 100%
Late and disputed:
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
The company aims to pay all invoices within 30 days of receipt.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
N/A
Any other information about payment terms
N/A, but please note that 99.9% of invoices were paid within our standard terms, which rounds to a whole number of 100% as required by this report. The 5 invoices not paid within 30 days (0.1%) were paid within 32 days.
Dispute resolution process
Disputes or complaints should be escalated to our Purchase Ledger Supervisor, who will acknowledge within 7 working days, and then obtain the facts from the relevant department that ordered the good or service. We aim to resolve all disputes or complaints within 30 days from acknowledgement.
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, 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