TCLARKE CONTRACTING LIMITED
Company number: 00189434
1 January 2020
to 30 June 2020
This report was filed on 29 July 2020
and approved by Trevor Mitchell
Average time taken to pay invoices: 70 days
- within 30 days: 10%
- in 31 to 60 days: 24%
- in 61 days or more: 66%
Invoices due but not paid within agreed terms: 30 %
Standard payment period for qualifying contracts
Standard payment terms
Payment will only be made against valid invoices where goods or services have been supplied in accordance with the agreed purchase order
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
60 days from the end of the month of the date of invoice
Any other information about payment terms
Dispute resolution process
Invoices that cannot be paid will be placed 'in query'. Suppliers will be notified of reasons why their invoice cannot be paid.
We have a dedicated team that deal with invoice queries and suppliers should call our central payment centre in the forst instance should they have any queries relating to their invoices
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?