COMPUTACENTER (UK) LIMITED

Company number: 01584718

Reporting period:
1 January 2020 to 30 June 2020

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This report was filed on 30 July 2020

and approved by Francis Anthony Conophy

Payment statistics

Average time taken to pay invoices: 38 days

Invoices paid:

• within 30 days: 49%
• in 31 to 60 days: 30%
• in 61 days or more: 21%

Invoices due but not paid within agreed terms: 7%

Payment terms

Shortest standard payment periods

35 days

Longest standard payment period

73 days

Standard payment terms

Terms are negotiated with suppliers at the beginning of the trading relationship. Depending on the type of contract, the standard terms are net monthly (paid 28th of following month from invoice date) and net 2-monthly (paid 28th of 2nd month from invoice date). The maximum agreed contract term which has been offered by suppliers as their standard terms in the period were 90 days net from date of invoice. There have been no changes to standard terms in the period and accordingly, no communication thereof to suppliers.

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

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

90 days

The maximum agreed contract term which has been offered by suppliers as their standard terms in the period were 90 days net from date of invoice.

Any other information about payment terms

The Group is committed to paying 95% of supplier invoices within 60 days and has created a plan to work with individual suppliers to effect the change necessary to meet this objective. Progress on this implementation has been impacted by the Covid-19 crisis in Q2 2020 but the company will continue to make the contractual changes over the next 6 months to progress its performance. The performance in this period has been impacted by emergency term extensions unilaterally offered by one major global vendor to stimulate market demand for its products. This is a temporary Covid-19 related measure.

Dispute resolution process

Computacenter does not reject supplier invoices that do not match orders, but instead proactively addresses invoice queries to suppliers to obtain missing information, request clarification or resubmission. Computacenter has published guidance on its website for ensuring invoices are complete and accurate and therefore can be paid in accordance with the terms. (https://www.computacenter.com/docs/librariesprovider8/files/how_to_get_paid-guide_for_suppliers.pdf)

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, this business has not signed up to a code of conduct or standards on payment practices.

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