GOV.UK
LEASEPLAN UK LIMITED
Company number: 01397939
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 24 July 2018
and approved by Patrick Steenvoorden
Payment statistics
Average time taken to pay invoices: 27 days
Invoices paid:
- within 30 days: 57%
- in 31 to 60 days: 42%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 18 %
Payment terms
Shortest standard payment period
10 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms are 10 working days for the procurement of vehicles, the 25th of the following month for other vehicle related payments and 60 days for indirect procurement.
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
We investigate disputes and complaints regarding late payment by initially checking to see if the invoice was received into the business. If it is established that the invoice was not received a copy will be obtained and prompt payment arranged. Any process error will be investigated and rectified where possible, including if incorrect contact details are held by the supplier.
If the invoice has been received, we investigate why it hasn’t been paid. We will update the supplier with our findings and ensure if needed the payment is made promptly.
If the matter cannot be resolved within the finance team the complaint is referred to the appropriate supplier manager or our Procurement team.
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