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XLN TELECOM LTD.

Company number: 03902543

Reporting period:
1 October 2019 to 31 March 2020

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

This report was filed on 30 April 2020

and approved by Neil Conaghan

Payment statistics

Average time taken to pay invoices: 24 days

Invoices paid:

• within 30 days: 74%
• in 31 to 60 days: 25%
• in 61 days or more: 1%

Invoices due but not paid within agreed terms: 27 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

78 days

Standard payment terms

XLN Telecom Limited does not have standard payment terms. Specific payment terms are agreed directly with the supplier. XLN Telecom Limited does not change payment terms without the prior agreement of the supplier.

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

No

Maximum contractual payment period agreed

78 days

Any other information about payment terms

N/A

Dispute resolution process

The supplier relationship manager will liaise with the supplier to resolve invoice queries.

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