BABCOCK TRAINING LIMITED
Company number: 02817838
Reporting period:
1 April 2019
to 30 September 2019
This report was filed on 14 October 2019
and approved by Matthew Hayward
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 55%
- in 31 to 60 days: 35%
- in 61 days or more: 10%
Invoices due but not paid within agreed terms: 39 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
60 days
Standard payment terms
45 Days
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
Any queries regarding invoice amount or company billed are dealt with by Accounts Payable. Accounts Payable have a 5 day turn around to process invoices and any issues regarding amount/company would be further discussed with the supplier and included within this time. Queries relating to the goods or services are dealt with by the requestor on an individual case by case basis where discussions will be held with the supplier on a timely basis to achieve resolution.
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
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