Company number: 06424232
and approved by Graziela Cutrale
Average time taken to pay invoices: 10 days
Invoices paid:
Invoices due but not paid within agreed terms: 3%
30 days
35 days
The company’s policy is that invoices received and approved before 11th of each month are paid on or around 15th of the month. Suppliers are informed of this policy and are encouraged, as far as they can, to align their invoicing procedures to ensure payment can be made within the shortest period. In addition, direct debit arrangements are put in place for many regular suppliers (e.g. utilities).
Answer not provided
N/A
35 days
Where a supplier does not provide an invoice by 11th of the month it may only be paid by 15th of the following month, so the maximum payment period is 35 days (for a 31 day month).
N/A
The company has a small staff and the number of payments is not significant. Disputes with suppliers are rare occurrences and are managed by the office manager (for London office invoices), the trading manager (for Bristol terminal and trading invoices), the IT manager (for invoices relating to IT services) or the CFO (for financial and legal matters).
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No