A.F.BLAKEMORE AND SON LIMITED
Company number: 00391135
Reporting period:
1 May 2019
to 31 October 2019
This report was filed on 28 November 2019
and approved by Scott Munro-Morris
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 49%
- in 31 to 60 days: 47%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 27 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
75 days
Standard payment terms
AFB agree standard payment terms that vary between 30 and 75 days dependent on the size of the supplier and the products they sell.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
75 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
A F Blakemore's core values includes 'behave with honesty and integrity in all our relationships', so we endeavour to settle all disputes fairly and in a timely manner. Disputes are resolved by negotiation with the supplier and may involve the purchase ledger and trading teams.
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.
Yes
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