GOV.UK
PORTAKABIN LIMITED
Company number: 00685303
Reporting period:
1 January 2020
to 30 June 2020
This report was filed on 29 July 2020
and approved by John Collins
Payment statistics
Average time taken to pay invoices: 63 days
Invoices paid:
- within 30 days: 5%
- in 31 to 60 days: 53%
- in 61 days or more: 42%
Invoices due but not paid within agreed terms: 34 %
Payment terms
Standard payment period for qualifying contracts
60 days
Standard payment terms
60 days
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
76 days
14th day of second month - this averages 60 days
Any other information about payment terms
N/A
Dispute resolution process
Portakabin Limited values its suppliers and actively
seeks to ensure prompt payment to reduce the risk
of invoice rejections. We work together with our
partners to ensure errors are resolved before
payment is due and where this is not possible,
ensuring the supplier is fully aware of the issue. Any
disputes are discussed in the first instance with themembers of the accounts payable and credit control departments. Where a dispute needs to be
escalated, it can be done so via email
purchasingdept@portakabin.com.
Root cause analysis of Invoice Accuracy ensures
Portakabin is striving to improve performance in this
area.
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.
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