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STORY CONTRACTING LIMITED

Company number: 03709861

Reporting period:
1 April 2019 to 30 September 2019

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

This report was filed on 17 October 2019

and approved by John Ellis

Payment statistics

Average time taken to pay invoices: 41 days

Invoices paid:

• within 30 days: 31%
• in 31 to 60 days: 63%
• in 61 days or more: 6%

Invoices due but not paid within agreed terms: 0 %

Payment terms

Shortest standard payment period

31 days

Longest standard payment period

62 days

Standard payment terms

Current Month end Date plus one month

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

No

Maximum contractual payment period agreed

62 days

Any disputes with any payments are passed to the Purchase Ledger Team, who liase with the Commercial teams to resolve the matter.

Any other information about payment terms

N/A

Dispute resolution process

Any disputes with any payments are passed to the Purchase ledger team who work with the Commercial teams to resolve the matter.

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.

Yes

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