INTERFACE EUROPE LTD.
Company number: 00309779
Reporting period:
30 June 2019
to 29 December 2019
This report was filed on 24 January 2020
and approved by Simon Carlton
Payment statistics
Average time taken to pay invoices: 49 days
Invoices paid:
- within 30 days: 31%
- in 31 to 60 days: 45%
- in 61 days or more: 24%
Invoices due but not paid within agreed terms: 5 %
Payment terms
Shortest standard payment period
28 days
Longest standard payment period
61 days
Standard payment terms
End of month following invoice date unless supplier specifically asks otherwise. Some suppliers have immediate payment terms.
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
Issues in relation to invoices and payments are investigated by the Accounts Payable Team (iffpurchaseinvoices@interface.com).
We endeavour to resolve disputes in a fair and timely manner.
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.
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