Company number: 03952678
and approved by Kieran Cooper
Average time taken to pay invoices: 54 days
Invoices paid:
Invoices due but not paid within agreed terms: 72%
7 days
Answer not provided
The company has standard payment terms of net monthly (payment is due on the last day of the month following the one in which the invoice is dated), but in addition has negotiated payment terms with vendors from time to time of up to 110 days based on a variety of factors and variables associated with any contract negotiation.
Answer not provided
N/A
110 days
Payment runs are performed twice a month, making payment for invoices that are processed and due up to and including the date of the payment run. This is done with the understanding of our vendors. Based on how we are required to report under the statute, however, invoices falling due in-between the dates of the payment runs are reported as having been overdue (when in fact, as noted, this is done with the understanding of our vendors).
N/A
A group email address is used for all accounts payable queries. The accounts payable member allocated to that specific vendor will deal with any queries received into this email box. Any resolution is specific to and agreed upon with each vendor based on a variety of factors and variables.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No