GOV.UK
COLOPLAST LIMITED
Company number: 01094405
Reporting period:
1 April 2019
to 30 September 2019
This report was filed on 22 October 2019
and approved by Myles Davies
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 53%
- in 31 to 60 days: 42%
- in 61 days or more: 5%
Invoices due but not paid within agreed terms: 37 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
30 days from invoice date.
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
All invoice queries and complaints are sent to a central accounts payable mailbox.
Each e-mail is assigned a case number and priority listing.
Members of the accounts payable team then review these case numbers in priority order and deal with as necessary, escalating to team leaders where required.
Once a conclusion has been made, the case number is closed on the system.
The SLA is to turn around cases within 24 hours although more complex ones may take longer.
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