PENCARRIE LIMITED
Company number: 03371637
Reporting period:
30 December 2017 to 30 June 2018
Report filed on:
19 July 2018
Approved by:
Francis Bevan
Payment statistics
Average time taken to pay invoices: 21 days
Invoices paid:
- within 30 days: 78%
- in 31 to 60 days: 15%
- in 61 days or more: 7%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Standard payments are generally 60 days for product supplies and 30 days for overhead type suppliers. However we will endeavour to settle invoices earlier than those periods if an early payment or settlement discount is offered. This explains the response to the calculation of global average number of days taken in the period being less than the stated standard but contractual terms of 30 days (above).
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The relationship with key (all) suppliers is important to us so we look to resolve all disputes quickly by dialogue between the authorising Manager and the supplier. We hope that all such disputes are resolved by the end of the standard terms or payment with that 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 Fair 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.
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.
Yes
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