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ALPHA LSG LIMITED

Company number: 08005515

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 2 February 2020

and 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%

Invoices due but not paid within agreed terms: 68 %

Payment terms

Shortest standard payment period

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

Maximum contractual payment period agreed

75 days

Any other information about payment terms

N/A

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 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