GOV.UK
ISS FACILITY SERVICES LIMITED
Company number: 00890885
Reporting period:
1 January 2020
to 30 June 2020
This report was filed on 30 July 2020
and approved by Bruce van der Waag
Payment statistics
Average time taken to pay invoices: 59 days
Invoices paid:
- within 30 days: 20%
- in 31 to 60 days: 41%
- in 61 days or more: 39%
Invoices due but not paid within agreed terms: 79 %
Payment terms
Shortest standard payment period
1 days
Longest standard payment period
60 days
Standard payment terms
Payment terms vary by supplier and are agreed as part of contract negotiations
Were there any changes to the standard payment terms in the reporting period?
Yes – We have changed some supplier payment terms to support ISS’s commitment to the Prompt Payment Code, notably by reducing payment terms for suppliers with payment terms greater than 60 days.
Were suppliers notified or consulted about these changes before they were made?
Yes – We spoke with each supplier in advance, who each agreed to the changes in writing (email). Where appropriate these revised terms are being reflected between the parties in the formal commercial agreement with each supplier.
Maximum contractual payment period agreed
60 days
Any other information about payment terms
Approved and undisputed invoices are paid in line with contractual terms on the next available payment run
Dispute resolution process
Supplier queries are directed to the Shared Service Centre or trading entity. Query escalation is via UK Procurement and/or the senior Finance community
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.
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