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DUNE GROUP LIMITED

Company number: 02127866

Reporting period:
28 July 2019 to 1 February 2020

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

This report was filed on 28 February 2020

and approved by Alice Arnold

Payment statistics

Average time taken to pay invoices: 58 days

Invoices paid:

• within 30 days: 22%
• in 31 to 60 days: 40%
• in 61 days or more: 38%

Invoices due but not paid within agreed terms: 64 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

120 days

Standard payment terms

Standard payment terms are 30 days end of month for overhead suppliers and 60 days end of month for stock suppliers. Payments can be delayed if 1) invoices are submitted late, 2) stock is late, 3) there are quality or quantity issues, 4) there is a dispute

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

No

Maximum contractual payment period agreed

120 days

Any other information about payment terms

N/A

Dispute resolution process

Disputes should be raised with accountspayable@thedunegroup.com who liaise with the relevant department to solve the query as soon as possible.
The Accounts Payable team's aim is to resolve all disputes within 5 working days.
Once resolved the supplier is paid on the next payment run, or in accordance with their payment terms.
Complaints can be escalated to the Finance Manager responsible for Accounts Payable or the Finance 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