ALPHA LSG LIMITED
Company number: 08005515
Reporting period:
1 July 2019 to 31 December 2019
Report filed on:
2 February 2020
Approved by:
Carlo Possa
Payment statistics
Average time taken to pay invoices: 57 days
Invoices paid:
- within 30 days: 9%
- in 31 to 60 days: 66%
- in 61 days or more: 25%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 68%
Payment terms
Shortest standard payment periods
45 days
Longest standard payment period
75 days
Standard payment terms
Alpha LSG standard payment terms are 45 days from end of month . Thus the longest possible payment terms are 75 days and the shortest possible payment terms are 45 days. The average days associated with our standard term is therefore 60 days .
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
75 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Query data , preventing the settlement of invoices in line with contractual payment terms, are shared regularly with the relevant vendor by their dedicated vendor managment clerk in accounts payable . Responses from vendors are shared with the appropriate area of Alpha LSG and invoices are then settled once the dispute has been addressed and contractual payment terms have elasped. Complaints are received by either the commercial owners of the relevant relationship or Accounts Payable and are addressed in an appropriate timeframe.
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.
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