Published reports

INVER HOUSE DISTILLERS LIMITED

Company number: SC040036

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 April 2019 to 30 September 2019

Report filed on:

31 October 2019

Approved by:

Martin Leonard

Payment statistics

Average time taken to pay invoices: 59 days

Invoices paid:

  • within 30 days: 17%
  • in 31 to 60 days: 57%
  • in 61 days or more: 26%

Late and disputed:

  • total value of payments due in the reporting period which have not been paid within the agreed period: £0
  • payments due in the reporting period which have not been paid within the agreed period: 44%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

Our standard terms are payment will be made in the next payment run (which take place every two weeks)after the invoice is 30 days old.

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

60 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

In the first instance the ordering department would attempt to resolve the issue. If the issue cannot be resolved it will be escalated to the department manager who will agree whether the invoice should be paid or a credit note issued.

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