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PORTAKABIN LIMITED

Company number: 00685303

Reporting period:
1 July 2019 to 31 December 2019

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This information is as reported by the business, and responses are in their own words.

This report was filed on 31 January 2020

and approved by Jonathan Collins

Payment statistics

Average time taken to pay invoices: 53 days

Invoices paid:

• within 30 days: 6%
• in 31 to 60 days: 55%
• in 61 days or more: 39%

Invoices due but not paid within agreed terms: 25 %

Payment terms

Standard payment period for qualifying contracts

60 days

Standard payment terms

60 Days from date of invoice following receipt of a correctly constituted VAT invoice, if later, upon our acceptance of goods and services in question.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

N/A

Dispute resolution process

Portakabin Limited values its suppliers and actively seeks to ensure prompt payment to reduce the risk of invoice rejections.

We work together work together with our partners to ensure errors are resolved before payment is due and where this is not possible, ensuring the supplier is fullyaware of the issue.

Any disputes are discussed in the first instance with the
members of the accounts payable and credit control
departments. Where a dispute needs to be escalated, it can be done so via email purchasingdept@portakabin.com.

Root-cause analysis of Invoice Accuracy ensures
Portakabin is striving to improve performance in this
area.

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