ALLEN & HEATH LIMITED

Company number: 04163451

Reporting period:
1 April 2020 to 30 September 2020

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This report was filed on 26 October 2020

and approved by Anthony Williams

Payment statistics

Average time taken to pay invoices: 59 days

Invoices paid:

• within 30 days: 33%
• in 31 to 60 days: 19%
• in 61 days or more: 48%

Invoices due but not paid within agreed terms: 57%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

60 days

Standard payment terms

Allen & Heath Limited does not have standard payment terms. Payment terms are agreed with suppliers as part of negotiations. The most common payment terms of invoices paid in the period is 60 days.

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

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

90 days

No further comment provided

Any other information about payment terms

Allen & Heath Limited seeks to pay all suppliers within agreed terms and on time subject to receiving a valid invoice and accurate supporting information in a timely manner.

Dispute resolution process

Allen & Heath Limited seek to resolve queries by discussing with the relevant parties, the Supplier, Accounts Payable and Purchasing, any unresolved disputes will be escalated to the Heads of Departments.

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, this business has not signed up to a code of conduct or standards on payment practices.

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