POWER LEISURE BOOKMAKERS LIMITED
Company number: 03822566
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 24 July 2018
and approved by Mark Irwin
Payment statistics
Average time taken to pay invoices: 18 days
Invoices paid:
- within 30 days: 91%
- in 31 to 60 days: 8%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 38 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
Paddy Power Betfairs standard payment terms are 30 days from date of invoice.
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
Paddy Power Betfair is making its payment run based on two payments runs per month. This could impact on on-time payment % depending on when the invoice is received in the month from the supplier.
Dispute resolution process
Supplier payment issues that arise in the first instance are addressed by a dedicated Accounts Payable queries team accounts_payable@paddypowerbetfair.com. Depending on the issue, the Procurement team may be involved to resolve any disputes or issues. Upon resolution payment or credit note is processed.
Should you have a query regarding the expected payment date of an invoice, you can contact our Accounts Payable team who will be able to advise further at accounts_payable@paddypowerbetfair.com.
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