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POWER LEISURE BOOKMAKERS LIMITED

Company number: 03822566

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 4 February 2020

and approved by Mark Irwin

Payment statistics

Average time taken to pay invoices: 9 days

Invoices paid:

• within 30 days: 97%
• in 31 to 60 days: 3%
• in 61 days or more: 0%

Invoices due but not paid within agreed terms: 6 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

60 days

Standard payment terms

Paddy Power Betfair's standard payment terms are 30 days from date of invoice.

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

No

Maximum contractual payment period agreed

60 days

Paddy Power Betfair is making its payment run based on two payments runs per month. This could impact on on-time payment % depending on when the invoice is received in the month from the supplier.

Any other information about payment terms

N/A

Dispute resolution process

Supplier payment issues that arise in the first instance are addressed by a dedicated Accounts Payable queries team accounts-payable@paddypowerbetfair.com. Depending on the issue, the Procurement team may be involved to resolve any disputes or issues. Upon resolution payment or credit note is processed.
Should you have a query regarding the expected payment date of an invoice, you can contact our Accounts Payable team who will be able to advise further at accounts-payable@paddypowerbetfair.com.

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.

Yes

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