Company number: 03989713
and approved by Nick Gray
Average time taken to pay invoices: 47 days
Invoices paid:
Invoices due but not paid within agreed terms: 73%
7 days
58 days
company does not have standard payment terms. The most frequent payment term is 35 days except for beer suppliers. Most beer suppliers average 45 days with payment taken 28 days after the end of the month the invoice fall into.
In order to manage cash flows during Covid-19 the most frequent payment term was increased by 30 days. Individual payment terms have been agreed with our beer suppliers. Once the pandemic has passed it is envisaged payment terms will return to the pre Covid-19 position.
N/A
58 days
Most beer suppliers average 45 days with payment taken 28 days after the end of the month the invoice falls into.
In order to manage cash flows during Covid-19 the most frequent payment term was increased by 30 days. Individual payment terms have been agreed with our beer suppliers. Once the pandemic has passed it is envisaged payment terms will return to the pre Covid-19 position.
The finance team would contact the supplier to register that there is a query/dispute with an invoice. This would then be resolved between the relevant department within the company and the counterpart department at the supplier.
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.
No
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