SALLY SALON SERVICES LIMITED

Company number: 01060763

Reporting period:
1 April 2019 to 30 September 2019

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This report was filed on 31 October 2019

and approved by Heidi Van Ocken

Payment statistics

Average time taken to pay invoices: 53 days

Invoices paid:

• within 30 days: 40%
• in 31 to 60 days: 33%
• in 61 days or more: 27%

Invoices due but not paid within agreed terms: 38%

Payment terms

Shortest standard payment periods

60 days

Longest standard payment period

Answer not provided

Standard payment terms

60 days from date of invoice, Payment runs are produced weekly to pay all invoices falling due at the end of each week.

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

All e-mails should be routed to the central AP mailbox, which is monitored throughout the day. Queries from our suppliers are assigned to a colleague to investigate with urgent queries being actioned within 24 hours (one working day). Non-urgent queries are actioned within five working days. Additional payments can be made outside of the standard payment cycles if an expedited payment is required. Any changes to contacts or email addresses are communicated to all our suppliers.

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, 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