Company number: 00641365
and approved by Adam Griggs
Average time taken to pay invoices: 37 days
Invoices paid:
Invoices due but not paid within agreed terms: 86%
7 days
60 days
Our large raw materials & footwear suppliers are typically on 30 - 45 days credit. The vast majority of our other suppliers are mainly on 30 days terms.
Answer not provided
N/A
60 days
No further comment provided
The "Percentage of invoices not paid within agreed terms" statistic is a function of our weekly payment routines. On the payment run dates the majority of the invoices will therefore be technically overdue by a few days; hence our average payment time being only 37 days.
Any disputes are dealt with in the first instance by either the Accounts Payable team or through the department that originally agreed the contract. If a resolution can not be found it is then escalated up to senior management and ultimately to the Directors.
For example, signatories to The Prompt 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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No