POLYPIPE LIMITED

Company number: 01099323

Reporting period:
1 January 2020 to 30 June 2020

This information is as reported by the business, and responses are in their own words.

This report was filed on 30 July 2020

and approved by Paul James

Payment statistics

Average time taken to pay invoices: 49 days

Invoices paid:

within 30 days: 16%
in 31 to 60 days: 60%
in 61 days or more: 24%

Invoices due but not paid within agreed terms: 70%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

60 days

Standard payment terms

Our most commonly used standard payment terms are 30 days net end of month. Accordingly, our shortest standard payment period can be 30 days and our longest standard payment period can be 60 days.

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

60 days

Based on our most commonly used standard payment terms being 30 days net end of month, the maximum contractual payment period agreed can be up to 60 days depending on date invoiced.

Any other information about payment terms

Of the invoices due in the reporting period but not paid within agreed terms, 68% were paid with seven days of their due date.

Dispute resolution process

We endeavour to resolve all disputes in a fair and timely manner. Disputes are resolved by discussion and agreement with a supplier and are typically managed by the relevant divisional accounts payable department.

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.

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?

Cookies on Payment practices reporting