STAPLES UK LIMITED
Company number: 02535286
Reporting period:
2 February 2020
to 1 August 2020
This report was filed on 13 August 2020
and approved by Steven Mayes
Payment statistics
Average time taken to pay invoices: 46 days
Invoices paid:
- within 30 days: 34%
- in 31 to 60 days: 42%
- in 61 days or more: 24%
Invoices due but not paid within agreed terms: 66 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
95 days
Standard payment terms
We do not have standard payment terms. Payment terms are part of the commercial negotiation and are individually agreed with our suppliers.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
95 days
We operate a weekly payment run. This can add additional days to the payment cycle depending on the day of the week the payment falls due.
Any other information about payment terms
N/A
Dispute resolution process
Staples UK actively seeks to resolve disputes through open communication between the supplier, Accounts Payable and relevant departments from within the business. This involves proactive e-mail and/or phone communication with the supplier.
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.
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