YO! SUSHI UK LTD
Company number: 02994470
Reporting period:
26 May 2019
to 2 December 2019
This report was filed on 30 December 2019
and approved by Edward Knighton
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 30%
- in 31 to 60 days: 64%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 67 %
Payment terms
Shortest standard payment period
1 days
Longest standard payment period
61 days
Standard payment terms
Most frequently used payment terms are the end of the month which falls after 30 days from the date of invoice (77%).
The remainder of payments are mostly on 30 days from date of invoice (14%)
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
61 days
Any other information about payment terms
N/A
Dispute resolution process
Communications between supplier and AP team via phone and email.
If required it is escalated on to the head of procurement and settled with reference to supporting documents sent to and received from supplier
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