Company number: 06923682
and approved by Robert Bell-Davies
Average time taken to pay invoices: 24 days
Invoices paid:
Invoices due but not paid within agreed terms: 59%
30 days
60 days
Condition under which seller will complete a sale. Typicaly these terms specify the period allowed to a buyer to pay off the amount due. Standard deferred payment period is 30 days, which means customer has got 30 days from Tax point to settle the inv. after this agreed period with customer inv will be overdue.
Answer not provided
N/A
60 days
No further comment provided
N/A
Customer send statement via email, post or make a phone call. Accounts Payable Accountant (APA) will check the status of the inv: -if received and recorded in ERP system and ready to be paid -If pending approval -If there is problem on the inv -If inv has been paid already All depends of the situation If inv has been approved for payment, it will be paid on the first available payment run during the week. If inv pending approval APA will contact with current approver and try to get approval, so inv can be paid shortly. If there is a problem on the inv AP accountant will explain the situation to customer (waiting for the credit note, incorrect company name on the inv) Once inv been paid by BACS/CHAPS/SEPA (depending of the currency) supplier will receive remittance advices via email together with the funds
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
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
No
No