DON-BUR (BODIES AND TRAILERS) LIMITED
Company number: 01571914
Reporting period:
1 April 2020
to 30 September 2020
This report was filed on 13 October 2020
and approved by Andrew Bushnell
Payment statistics
Average time taken to pay invoices: 81 days
Invoices paid:
- within 30 days: 4%
- in 31 to 60 days: 15%
- in 61 days or more: 81%
Invoices due but not paid within agreed terms: 34 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
75 days
Standard payment terms
Our most frequently used payment terms are 60 days End of Month (approximates 75 days from receipt of a mid-month invoice).
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
75 days
Any other information about payment terms
Like many UK entities the Company has suffered a level of interruption due to the impact of Covid-19 during the reporting period. Open lines of communication have been maintained throughout, and when processing patterns have departed from the normal it has been with full agreement from all suppliers. Normal patterns have been re-established.
Dispute resolution process
Any invoice variations from Purchase Order price or quantity are referred to the Purchasing Department for acceptance or challenge.
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