PARAGON CUSTOMER COMMUNICATIONS (LONDON) LIMITED
Company number: 02788181
Reporting period:
1 January 2020
to 30 June 2020
This report was filed on 10 August 2020
and approved by JEREMY WALTERS
Payment statistics
Average time taken to pay invoices: 59 days
Invoices paid:
- within 30 days: 28%
- in 31 to 60 days: 35%
- in 61 days or more: 37%
Invoices due but not paid within agreed terms: 40 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
90 days
Standard payment terms
60 days, 30 days, 0 days from document date of supplier invoice
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
Initial enquires are addressed to the accounts payable team centrally based at Dagenham. This is by either phone or email to "AccountsPayable@paragon-cc.co.uk". The AP team wiIl engage internally with requestor staff in any instances where there are queries matching purchase orders to supplier invoice.
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