T. C. LANDSCAPES LIMITED
Company number: 04649316
Reporting period:
1 July 2019 to 31 December 2019
Report filed on:
6 March 2020
Approved by:
Robert Chatwin
Payment statistics
Average time taken to pay invoices: 79 days
Invoices paid:
- within 30 days: 12%
- in 31 to 60 days: 15%
- in 61 days or more: 73%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 66%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Payment terms are agreed with our suppliers on a case by case basis depending on the nature of the supply, length of relationship and size of the supplier. Our standard business terms are 60 days from the end of the month in which the invoice is dated.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Invoice dispute and queries are managed by the finance team based in Northampton. Disputes can be escalated up the management chain if subsequently required.
The business operates a no purchase order, no pay policy unless otherwise agreed in exceptional circumstances. Invoices received which do not include a valid purchase order are rejected and returned to the supplier. In instances where invoices are queries, suppliers are notified either via email or telephone and requested to provide any missing/additional information to allow the invoice to be processed accordingly.
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 Fair 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.
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