GOV.UK
BERMONDSEY PUB COMPANY LIMITED
Company number: 08836925
Reporting period:
1 October 2019
to 28 March 2020
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 27 April 2020
and approved by Dave Ross
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 66%
- in 31 to 60 days: 27%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 15 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms are generally either 30 or 60 days from invoice date.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
n/a
Any other information about payment terms
n/a
Dispute resolution process
Any invoice disputes are initially dealt with within the dedicated accounts payable department. The invoice will be placed on hold and passed to the area of the business that was responsible for ordering the goods or service to resolve direct with the supplier. Once resolved and a credit received, the invoice will be paid, once due, on the next payment run.
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