ASCENTIAL EVENTS (EUROPE) LIMITED
Company number: 07814172
Reporting period:
1 January 2020
to 30 June 2020
This report was filed on 4 August 2020
and approved by Mandy Gradden
Payment statistics
Average time taken to pay invoices: 24 days
Invoices paid:
- within 30 days: 0%
- in 31 to 60 days: 65%
- in 61 days or more: 35%
Invoices due but not paid within agreed terms: 53 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
Standard Payment terms, as provided in our Terms & Conditions are 60 days from invoice date. Maximum Terms are 60 days. Standard payment Terms & Conditions have been amended for new agreements. There have been no blanket change to existing supplier payment terms during the reporting period.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
The Purchase Order requests Suppliers send invoices to a dedicated mailbox. When sent the supplier receives an auto email advising
Processing times\Processing requirement\AP contacts\3 Tier Escalation contact route if required.
For incorrectly prepared invoices suppliers are sent a rejection email within 48 hours of receipt advising the information required to resubmit for payment.
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