GOV.UK
FLOGAS BRITAIN LIMITED
Company number: 00993638
Reporting period:
1 April 2020
to 30 September 2020
This report was filed on 26 October 2020
and approved by Ivan Trevor
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 68%
- in 31 to 60 days: 24%
- in 61 days or more: 8%
Invoices due but not paid within agreed terms: 16 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
30 days
Standard payment terms
Our standard payment terms are 30 days from date of invoice although some suppliers enforce shorter payment terms and do so by way of direct debit
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
If there is a dispute over the supply of goods or services then the procurer of the goods/services will contact the supplier to attempt to resolve the dispute. If this isn't successful we will refer the query to our procurement team for their input to resolve. The vast majority of our disputes are resolved by the original procurer.
Any other information about payment terms
In our pursuit of improving process and increasing the reconciled suppliers, we have in effect had a ‘catch up’ of old invoices in the period, and we expect a reduction back to normal levels in the next period.
Dispute resolution process
If there is a dispute over the supply of goods or services then the procurer of the goods/services will contact the supplier to attempt to resolve the dispute. If this isn't successful we will refer the query to our procurement team for their input to resolve. The vast majority of our disputes are resolved by the original procurer.
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