E-ZEC MEDICAL TRANSPORT SERVICES LTD
Company number: 04088225
Reporting period:
1 June 2020
to 30 June 2020
This report was filed on 12 October 2020
and approved by Andrew Wickenden
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 6%
- in 31 to 60 days: 92%
- in 61 days or more: 2%
Invoices due but not paid within agreed terms: 0 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
It is the company’s policy to agree appropriate payment terms with suppliers, and to abide by those terms based on the timely submission of valid invoices containing a verifiable Purchase Order Number. The company’s standard terms are : mid month and month end payment runs for all invoices at least 30 days old.
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
The company seeks to deal with suppliers of all sizes in a fair an reasonable manner. We seek to respond and address supplier queries as quickly as possible. In the event a dispute cannot be resolved by the central E-Zec Accounts Payable team, it would be escalated to the contract manager where the charge was generated for resolution.
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