AXIS SECURITY SERVICES LIMITED
Company number: 02933907
Reporting period:
1 April 2019
to 30 September 2019
This report was filed on 7 January 2020
and approved by Simon Giles
Payment statistics
Average time taken to pay invoices: 48 days
Invoices paid:
- within 30 days: 20%
- in 31 to 60 days: 68%
- in 61 days or more: 12%
Invoices due but not paid within agreed terms: 80 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
The standard practice in Axis Security Services Limited is to pay invoices in line with the suppliers' payment terms outlined in the terms and conditions of the invoice. Any changes to these standard terms would be agreed with the supplier and noted by both parties in writing. There have been no changes to these standard payment terms unless the payment/invoice is in dispute or queried.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
The process for disputed invoices is to contact the supplier via e-mail or phone regarding the query and resolve the issue directly with the supplier requesting additional information where needed.
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