GOV.UK
FONIX MOBILE PLC
Company number: 05836806
Reporting period:
1 July 2018
to 31 December 2018
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 9 November 2020
and approved by William Neale
Payment statistics
Average time taken to pay invoices: 33 days
Invoices paid:
- within 30 days: 47%
- in 31 to 60 days: 39%
- in 61 days or more: 14%
Invoices due but not paid within agreed terms: 2 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
65 days
Standard payment terms
Standard Payment Terms for Merchant Suppliers in the Aggregation business are 65 days. There may be other payment terms for certain contracts but 65 days is our standard.
Other suppliers such as overheads are paid on 30 days from invoice date or earlier, but standard contract terms are 30 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
65 days
Any other information about payment terms
N/A
Dispute resolution process
Disputes should be raised with accounts@fonix.com and these will be escalated to various account managers if resolution can not be found.
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