ENIGMA INDUSTRIAL SERVICES LTD

Company number: 00444313

Reporting period:
1 January 2020 to 30 June 2020

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This report was filed on 30 July 2020

and approved by Scott Hardie

Payment statistics

Average time taken to pay invoices: 58 days

Invoices paid:

• 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%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

90 days

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?

Answer not provided

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

N/A

Maximum contractual payment period agreed

90 days

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

N/A

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.

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.

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