BETA This is a new service – your feedback will help us to improve it.

TRANSRE LONDON LIMITED

Company number: 08506758

Reporting period:
1 January 2018 to 30 June 2018

---

This information is as reported by the business, and responses are in their own words.

This report was filed on 26 July 2018

and approved by David Radford

Payment statistics

Average time taken to pay invoices: 6 days

Invoices paid:

• within 30 days: 100%
• in 31 to 60 days: 0%
• in 61 days or more: 0%

Invoices due but not paid within agreed terms: 0 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

The Company does not adopt a standard payment period. However, it endeavours to make all payments in the shortest period of time following the receipt of invoice and within the payment terms of the majority of its suppliers.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

30 days

Any other information about payment terms

N/A

Dispute resolution process

Invoices should be addressed to either the appropriate TransRe contact or Accounts Payable at: Finance Department – Accounts Payable, TransRe London Services Limited, Corn Exchange, 55 Mark Lane, London, EC3R 7NE. Disputes should be escalated to the Chief Administration Officer at the above address, with a copy to the Head of Legal at the same address.

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