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CROWCON DETECTION INSTRUMENTS LIMITED

Company number: 00978878

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 31 October 2019

and approved by TERENCE MCCARTHY

Payment statistics

Average time taken to pay invoices: 59 days

Invoices paid:

• within 30 days: 50%
• in 31 to 60 days: 40%
• in 61 days or more: 10%

Invoices due but not paid within agreed terms: 8 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

60 days

Standard payment terms

Our standard terms are 30 days or 60 days.

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

No

Maximum contractual payment period agreed

90 days

For a selection of suppliers we have 60 days End of Month Following the month the invoice is dated. If the invoice date is the first of the month the payment terms in numbers of days is effectively 90

Any other information about payment terms

N/A

Dispute resolution process

Disputes in all cases are first dealt with by the respective department and vendor in timely and professional manner. Our standard terms do allow for Independent Arbitration before any legal proceedings are considered.
In the reporting period no formal proceedings were required.

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