ASHWORTH AND PARKER LIMITED
Company number: 06866013
Reporting period:
1 April 2020 to 30 September 2020
Report filed on:
29 October 2020
Approved by:
Mark Fleetwood
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 52%
- in 31 to 60 days: 35%
- in 61 days or more: 13%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 36%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
Terms are agreed in advance with suppliers which can include prompt payment upon receipt of invoice/confirmation of full goods delivery which will enable an early settlement discount. Invoices with multiple deliveries can impact Ashworth & Parker Ltd's ability confirm receipt of goods in full, therefore impact settlement timings. Invoice discrepencies will also result in some delays in payments. It should be noted that due to delivery times, invoices can be raised several days before goods are received, which would impact headline payment statistics.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
To ensure timely processing, invoices should state: the relevant purchase order number; the period to which the invoice relates; the Supplier’s bank account for payment; all charges and applicable taxes, and a description of the services/products.
Dispute resolution process
Ashworth and Parker Ltd actively seeks to resolve disputes by discussing them with the relevant supplier(s), typically involving members of the finance department and/or where necessary members of the management team.
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 Fair 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