CAPRICE HOLDINGS LIMITED
Company number: 01661349
Reporting period:
30 December 2019 to 29 June 2020
Report filed on:
30 July 2020
Approved by:
Christopher Robinson
Payment statistics
Average time taken to pay invoices: 56 days
Invoices paid:
- within 30 days: 13%
- in 31 to 60 days: 55%
- in 61 days or more: 33%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 73%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Standard terms are either 30 days or month end plus 30 days, but negotiations with the minority of suppliers with shorter payment terms continued throughout the period. Invoices are paid on a weekly payment run, because of the standard 30 day terms used this means that many invoices are paid marginally after 30 day or month end standard terms.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The accounts payable team process invoices and are the first point of contact for invoice and payment disputes. Any disputes are preferentially raised by email, which is escalated within the finance team and within the business department managing the supplier relationship. Timescales for dispute resolution vary depending upon the nature of the issue.
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 Fair 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.
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