ABELLIO SCOTRAIL LTD
Company number: SC450732
Reporting period:
1 April 2019 to 30 September 2019
Report filed on:
30 October 2019
Approved by:
Paul Wright
Payment statistics
Average time taken to pay invoices: 36 days
Invoices paid:
- within 30 days: 39%
- in 31 to 60 days: 55%
- in 61 days or more: 6%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 81%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Standard payment terms are 30 days
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
We note that the statistic of 81% of payments due within the reporting period which have not been paid within the agreed period is based on volume, when based on value this statistic is reduced to circa 34%.
Further, we note that we have recently strengthened our Procurement Team who are driving compliance with the procure to pay process both internally and externally, which we anticipate will improve the payment statistics.
Dispute resolution process
Purchase Order Processed Invoices – A limited number of disputes arise for suppliers processed on this basis as amounts are pre-agreed prior to any commitment being made. Any actual cost variances to the agreed amount are assessed by the business approver and raised with the supplier directly.
For supplier invoices on the "PO Exemption" list, any issues will arise on the approval of payment of the invoice by the business. Resolution is therefore handled by the ordering manager and the supplier.
Where an agreement cannot be reached in both of the above cases, this is escalated through the relevant business departments and management team (including Finance) to resolve.
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 Fair 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.
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