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Company number: 00562269

Reporting period:
1 January 2018 to 30 June 2018

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

This report was filed on 25 July 2018

and approved by Mr J A Dee

Payment statistics

Average time taken to pay invoices: 46 days

Invoices paid:

Invoices due but not paid within agreed terms: 12 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

60 days

Standard payment terms

The company does not use standard payment terms but the most frequently used terms are 60 days from date of invoice

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


Maximum contractual payment period agreed

60 days

The company does not have predetermined maximum payment period - it will vary according to terms negotiated with the supplier and the nature of the supply. For example the purchase of machinery may require stage payments which may extend over a period of several months.

Any other information about payment terms


Dispute resolution process

In the event of an invoice being disputed the relevant manager is responsible for discussing with the supplier the reasons for the dispute and reaching agreement on how to proceed. Resolution of the dispute will normally result in the issuing by the supplier of a credit note or the replacement of goods.

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.


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.


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.


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?


During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?