GOV.UK
D.J.SQUIRE & CO.,LIMITED
Company number: 00316151
Reporting period:
1 August 2019
to 31 January 2020
This report was filed on 28 February 2020
and approved by Mark Wilson
Payment statistics
Average time taken to pay invoices: 42 days
Invoices paid:
- within 30 days: 32%
- in 31 to 60 days: 51%
- in 61 days or more: 17%
Invoices due but not paid within agreed terms: 25 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
105 days
Standard payment terms
Our standard payment terms are 30 days after the end of the month in which the invoice is received.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
105 days
Any other information about payment terms
N/A
Dispute resolution process
If there is a query in regards to the invoice received, overcharge/undercharge, a debit note is produced and sent to the supplier.
If the supplier's credit note is received as a result of the debit note sent, the debit note is reversed and replaced with the supplier's credit note.
If the supplier does not agree with the debit note received, it is advised to contact the accounts department.
The designated PL clerk resolves the issue with either the buying department or the garden centre involved and informs the supplier.
If the supplier is not satisfied with the result, the issue is then escalated to the buying director.
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