IFORCE LIMITED
Company number: 03441816
Reporting period:
1 June 2019 to
29 November 2019
This report was filed on 23 December 2019
and approved by R Nichols
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 59%
- in 31 to 60 days: 41%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 66%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
30 days
Standard payment terms
Standard payment terms are 30 days from date of invoice with the exception of some agency labour suppliers who have 14 day terms from date of invoice.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Any payment disputes should be directed to accountspayable@iforcegroup.com. Enquiries can also be made by telephone on 0330 127 4556 or to Accounts Payable, iForce Limited, Unit 5, Prologis Park, Midpoint Way, Minworth, B76 9EH. Each payment dispute is individually considered on its own merits
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, this business has not signed up to a code of conduct or standards on payment practices.
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