3I PLC
Company number: 00397156
Reporting period:
1 April 2019 to
30 September 2019
!
This information is as reported by the business, and responses are in their own words.
This report was filed on 29 October 2019
and approved by Julia Wilson
Payment statistics
Average time taken to pay invoices:
14 days
Invoices paid:
- within 30 days: 97%
- in 31 to 60 days: 2%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms:
6%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
3i plc has standard payment terms of 30 days from receipt of an invoice although invoices are paid earlier if appropriate.
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
90 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
In the event of any disputes with suppliers, this would normally be dealt with by the supplier's relevant 3i business contact. Alternatively, suppliers can contact 3i's accounts payable team at UKQueries@3i.com, who will ensure this is resolved by the appropriate person.
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.
Yes, this business has signed up to:
Prompt Payment Code
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