BETA This is a new service – your feedback will help us to improve it.

EVENTECH LIMITED

Company number: 03229417

Reporting period:
1 September 2019 to 29 February 2020

---

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

This report was filed on 31 March 2020

and approved by Paul Suter

Payment statistics

Average time taken to pay invoices: 26 days

Invoices paid:

• within 30 days: 98%
• in 31 to 60 days: 1%
• in 61 days or more: 1%

Invoices due but not paid within agreed terms: 8 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

60 days

Standard payment terms

Standard payment terms for supplier payments range between 0 to 60 days. Supplier payments are made per the agreed terms unless alternative payments arrangements / terms are agreed in advance. Related payment supplier payments are not settled periodically and dealt separately.

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

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

N/A

Dispute resolution process

All queries are handled by dedicated accounts payables team. If there is a dispute, we would call/email the relevant vendors and follow up with an email to resolve. All queries raised by vendors are usually resolved within 10 working days. There is an escalation matrix which is shared with all vendors. Periodic governance process in place to monitor the performance of the accounts payable team to ensure that queries are resolved timely and satisfactorily, thereby ensuring a build-up of invoices on hold is avoided and vendors are paid accurately.

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