GOV.UK
CAMIRA FABRICS LIMITED
Company number: 02215654
Reporting period:
1 July 2019
to 31 December 2019
This report was filed on 31 January 2020
and approved by Lucy Bolton
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 49%
- in 31 to 60 days: 34%
- in 61 days or more: 17%
Invoices due but not paid within agreed terms: 69 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
150 days
Standard payment terms
The company does not operate standard payment terms. The majority of suppliers state credit terms of 30 days from date of invoice, or 30 days from end of month. However, supplier payment terms may range from 0 days to 120 days from end of month (up to 150 days).
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
150 days
Any other information about payment terms
The Directors are pleased to note a substantial improvement in the proportion of invoices paid on or before due dates. Previous reporting periods were significantly impacted by problems introduced by the implementation of a new accounting software package. Progress continues to be made in these areas and the Company aims to continue making improvements in this area.
Dispute resolution process
Questions relating to payment of supplier invoices should in the first instance by raised with the Accounts Payable department. The company strives to resolve all disputes as quickly as possible dependent on the nature of the query.
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