GOV.UK
ANDOR TECHNOLOGY LIMITED
Company number: NI022466
Reporting period:
1 April 2019
to 30 September 2019
This report was filed on 12 November 2019
and approved by Stephanie Quinn
Payment statistics
Average time taken to pay invoices: 46 days
Invoices paid:
- within 30 days: 31%
- in 31 to 60 days: 49%
- in 61 days or more: 20%
Invoices due but not paid within agreed terms: 53 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
75 days
Standard payment terms
Payment terms differ between suppliers but are typically between 30 and 60 days
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
75 days
Any other information about payment terms
Invoices are paid only if correctly presented with all necessary information and only when approved by the relevant buyer. As a result, payment terms may be impacted where time is required to resolve queries.
We execute two payment runs per month for each transactional currency.
Dispute resolution process
Payment disputes are handled by the Accounts Payable team, which liaises with the suppliers and the company’s buyers as necessary to resolve invoice and payment queries in a timely manner. Where correction of an invoice is necessary, payment is processed as soon as reasonably practicable following receipt of corrected invoice. The Accounts Payable team may be contacted via a dedicated Accounts Payable mailbox or by telephone.
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