Company number: 05221615
and approved by Gordon Cameron
Average time taken to pay invoices: 48 days
Invoices paid:
Invoices due but not paid within agreed terms: 76%
30 days
45 days
Most Frequently used payment terms 30 days after invoice date
Answer not provided
N/A
45 days
No further comment provided
N/A
The parties and their lawyers begin the case with a common commitment of creatively settling all issues. Court is considered only if parties cannot reach a reasonable settlement. They use an agreement describing how the negotiation process will work. If the parties do not settle, the lawyers can continue to represent them. The process is very flexible and can be as formal or informal as desired. For example, the cooperative negotiation agreement may be oral or in writing. The process typically involves “four-way meetings” with the parties and lawyers, though some negotiation may be directly between the lawyers or parties when appropriate. If parties and lawyers have a hard time reaching agreement, they may hire a mediator to help resolve disagreements. The process may take place before a case is filed in court or while a court case is pending. In some places, the court may support the process
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No