OGILVIE FLEET LIMITED
Company number: SC067027
Reporting period:
1 January 2020
to 30 June 2020
This report was filed on 28 July 2020
and approved by Jill Stephen
Payment statistics
Average time taken to pay invoices: 20 days
Invoices paid:
- within 30 days: 99%
- in 31 to 60 days: 1%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 1 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
30 days
Standard payment terms
The majority of our invoices come through 1-Link which carry a 29 day standard payment term
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
Our standard payment terms are 28 days for nearly all of our invoices and 14 days for new vehicle invoices
Dispute resolution process
Disputes are carried out by the department for which the invoice relates i.e. Maintenance Dept for Maintenance Invoices, Daily Rental department for Daily Rental invoices and Vehicle Purchasing for New Vehicle Invoices. Disputes are usually resolved over the phone and mainly relating to quotes prices not being charged, therefore a credit note or a new invoices is supplied.
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