A & P FALMOUTH LIMITED
Company number: 00103287
Reporting period:
1 April 2019
to 30 September 2019
This report was filed on 11 November 2019
and approved by David McGinley
Payment statistics
Average time taken to pay invoices: 48 days
Invoices paid:
- within 30 days: 8%
- in 31 to 60 days: 74%
- in 61 days or more: 18%
Invoices due but not paid within agreed terms: 2 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
90 days
Standard payment terms
Business Standard payment terms is 60 days end of month
(per A&P Group published terms and conditions, dated 21 May 2018, clause 14.2)
Standard payment terms for suppliers associated with Ministry of Defence work, based upon MOD key performance indicators is 30 days end of month.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Maximum contractual payment period
(based upon 60 days end of month contractual terms)
Any other information about payment terms
There have been no changes to the standard payment terms in the period. New terms and conditions were issued to suppliers on 21 May 2018.
Dispute resolution process
All payment disputes follow the A&P Group standard terms and conditions, as published on the A&P Group Website:
http://www.ap-group.co.uk/assets/documents/AP-Group-Standard-Conditions-of-Purchase.pdf
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