Company number: 03196204
and approved by Richard Drake
Average time taken to pay invoices: 34 days
Invoices paid:
Invoices due but not paid within agreed terms: 31%
7 days
60 days
"Standard T&Cs are 60 days for new suppliers. We currently have a range of T&Cs in place with existing suppliers including terms at 7, 30, 45 and 60 days ."
Answer not provided
N/A
60 days
No further comment provided
"Our existing policy for supplier payment requires the provision of a valid Purchase Order reference to ensure invoice matching (unless agreed by exception). This existing policy requirement was communicated to the Approved Supplier List in Sept 20. "
"Relationships with our suppliers are important to us. We rely on our suppliers to deliver high quality goods and services in order to meet the needs of our own customers. Suppliers should be notified in the event of any disputes, and our purchase contracts specify dispute escalation processes. We commit to treating suppliers fairly, and intend to resolve any identified disputes as quickly as possible. Point of Contact details are provided on purchase orders. This process is reviewed annually."
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.
Yes
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