SPECTRUM BRANDS (UK) LIMITED
Company number: 02394603
Reporting period:
1 April 2019
to 30 September 2019
This report was filed on 20 November 2019
and approved by Chris Berry
Payment statistics
Average time taken to pay invoices: 59 days
Invoices paid:
- within 30 days: 29%
- in 31 to 60 days: 32%
- in 61 days or more: 39%
Invoices due but not paid within agreed terms: 50 %
Payment terms
Shortest standard payment period
60 days
Longest standard payment period
90 days
Standard payment terms
90 days Direct materials
60 days Indirect materials and services
With the exception of utilities, insurance, transportation, rent and leases, third party labour and capital spend which are negotiated with each vendor.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
120 days
Any other information about payment terms
N/A
Dispute resolution process
The supplier should make contact with their accounts payable contact to notify a dispute or complaint, the accounts payable department will then liaise with the relevant department to resolve the issue.
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.
Yes
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