ENIGMA INDUSTRIAL SERVICES LTD
Company number: 00444313
1 January 2020
to 30 June 2020
This report was filed on 30 July 2020
and approved by Scott Hardie
Average time taken to pay invoices: 58 days
- within 30 days: 21%
- in 31 to 60 days: 25%
- in 61 days or more: 54%
Invoices due but not paid within agreed terms: 42 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
The majority of our suppliers are on payment terms between Net 7 days and End of Month 60 days. Our standard terms are End of Month 60 days unless agreed otherwise.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Standard payment terms are End of Month 60 days hence invoices dated the 1st of a month may not fall due for payment until 90 days from invoice date.
Any other information about payment terms
Dispute resolution process
Disputes are usually resolved between the finance team and the supplier with the help of the procurement team and business units. In exceptional cases the dispute may be referred to a director to resolve.
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?