Company number: 01816587
and approved by Sunil Madhani
Average time taken to pay invoices: 48 days
Invoices paid:
Invoices due but not paid within agreed terms: 14%
0 days
90 days
Standard payment terms are end of month following date of invoice, depending on the contract or purchase order T&Cs, however specific terms are negotiated depending on the commercial situation. During the period of the Covid 19 pandemic a number of key suppliers offered an extension of payment terms which were accepted.
Answer not provided
N/A
90 days
No further comment provided
N/A
Reasons for not being able to pay based on terms include late or non compliant invoices or invoices that are in dispute. We have an accounts payable team which is reachable by email. Vendors with invoice queries can contact this team. The accounts payable team will reach out to the internal business contacts to investigate why the invoice has not been approved for payment.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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.
Yes
No
No