Company number: 04513124
1 July 2019
to 31 December 2019
This report was filed on 29 January 2020
and approved by Paul Sandland
Average time taken to pay invoices: 53 days
- within 30 days: 22%
- in 31 to 60 days: 56%
- in 61 days or more: 22%
Invoices due but not paid within agreed terms: 19 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
60 days end of month after the invoice was raised (can vary from immediate to 90 days end of month depending on spend by Dechra with suppliers).
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Dechra Limited purchases from businesses with varying terms depending on spend - a maximum of 90 day payment terms is standard for the larger suppliers.
Any other information about payment terms
Percentage of invoices not paid within agreed terms remained the same for a consecutive period with no significant changes.
Dispute resolution process
Dechra Limited resolve payment disputes quickly and efficiently. When an invoice is presented at Dechra Limited it should quote a purchase order reference. In the case of a query on quantity or price the local purchasing team will contact the supplier directly by phone or email to reach resolution.
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.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?