SLR CONSULTING LIMITED
Company number: 03880506
Reporting period:
4 January 2020
to 3 July 2020
This report was filed on 31 July 2020
and approved by Alan Edwards
Payment statistics
Average time taken to pay invoices: 73 days
Invoices paid:
- within 30 days: 11%
- in 31 to 60 days: 31%
- in 61 days or more: 58%
Invoices due but not paid within agreed terms: 67 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
90 days
Standard payment terms
1) Standard payment terms – SLR standard payment terms is to pay all undisputed invoices in the first week after the end of the month they fall due on. Standard terms SLR are 90 days. Example, undisputed invoice received on 2nd January with 90 days terms, will be paid in the first week of May
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
Dispute resolution process
Dispute resolution- If there is any dispute on a supplier’s invoice, the issue will be logged by accounts payable and will refer to relevant internal office/person to investigate and resolve with supplier following that investigation
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.
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