AHLI UNITED BANK (UK) PLC
Company number: 00877859
Reporting period:
1 January 2020 to
30 June 2020
This report was filed on 28 July 2020
and approved by Mr. Stephen Hussey
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 88%
- in 31 to 60 days: 7%
- in 61 days or more: 5%
Invoices due but not paid within agreed terms: 12%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Normal standard payment terms in line with industry standard.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
As a result of the restrictions implemented by the UK Government on 23 March 2020, in relation to the Covid-19 pandemic, we have experienced delays at the beginning of the period for both the receipt and thereon processing of supplier invoices, which has meant that a number of payments have been made outside of the normal credit term target of 30 days. As the process flow is now stabilised we have seen a return to normal processing times and expect this to continue for the 2nd half of 2020.
Dispute resolution process
The accounts payable team is responsible for any dispute concerning qualifying contracts. The process in place is to expedite and resolve any complaint and concern immediately.
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, this business has not signed up to a code of conduct or standards on payment practices.
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