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

  1. Search published reports
  2. ERITH CONTRACTORS LIMITED reports

ERITH CONTRACTORS LIMITED

Company number: 01102060

Reporting period:
1 October 2019 to 31 March 2020

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

This report was filed on 3 June 2020

and approved by Victoria Stokes

Payment statistics

Average time taken to pay invoices: 48 days

Invoices paid:

Invoices due but not paid within agreed terms: 11 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

60 days

Standard payment terms

Agreed Terms range from 30 to 60 days EOM. Usual terms: 60 days EOM (Standard) and 45 days EOM (Preferential).

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

No

Maximum contractual payment period agreed

60 days

Days are calculated on a EOM basis

Any other information about payment terms

N/A

Dispute resolution process

All queries are handled through accounts@erith.com and may involve our Procurement Team, Commerical Teams and where necessary senior Management.

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