LIBERATA UK LIMITED

Company number: 01238274

Reporting period:
1 January 2018 to 30 June 2018

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This report was filed on 26 July 2018

and approved by Robert Price

Payment statistics

Average time taken to pay invoices: 37 days

Invoices paid:

• within 30 days: 39%
• in 31 to 60 days: 52%
• in 61 days or more: 9%

Invoices due but not paid within agreed terms: 4%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

a) Unless the Contract provides otherwise: i. prices are those quoted by You at the date of the Order and are not subject to any increase; ii. You must provide Us with separate invoices for each Contract. You must not send any invoices to Us until after the completion of the Delivery of all of the Goods and the completion of the performance of all of the Services which are the subject of the Order, unless interim payments are agreed in writing between You and Us; iii. We will pay You 30 days after receipt by Us of Your invoice; iv. all of Your invoices must quote the number of the relevant Order or Contract to allow Us to make payment to You – if you fail to comply with this condition, We shall be entitled to reject Your invoice; and v. The invoice will be addressed to “Liberata Accounts PayableUnit B, Fountain Court, St Mellons Business Park, Cardiff CF3 0FB”. b) We will only permit You to raise extra charges under the Contract if We give You written permission to do so

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

45 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Liberata's Accounts Payable team operates a shared mailbox that is to be used by suppliers for any complaints/queries. All queries are responded to within 48 hours Any disputes connected with qualifying contracts are to be submitted to the exclusive jurisdiction of the English and Welsh courts

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.

Yes

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