Company number: 01644989
and approved by Matthew Streets
Average time taken to pay invoices: 41 days
Invoices paid:
Invoices due but not paid within agreed terms: 43%
30 days
45 days
Under the company’s standard payment terms we commit to paying all undisputed sums properly due to third party suppliers within 30 days of receipt of a valid invoice by the central finance team with the following exceptions: a) One supplier that accounts for approximately 33% of all purchase invoices by number has standard payment terms of 19 days b) some suppliers have 45 day standard terms and c) a very small number have 7 or 15 day terms (the latter typically postal/courier services). The company normally settles invoices on standard terms however variations to these terms do exist based on agreements with certain suppliers.
Answer not provided
N/A
45 days
No further comment provided
N/A
Disputes should be directed to the Accounts Payable team (accountspayable@fosterandpartners.com) or to the relevant commercial contact within the company. We aim to resolve disputes quickly and efficiently.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No