Company number: 07002304
and approved by Laurence King
Average time taken to pay invoices: 27 days
Invoices paid:
Invoices due but not paid within agreed terms: 15%
7 days
105 days
Our policy is comply with standard payment terms of our suppliers. Where no terms are specified we apply 30 days.
Answer not provided
N/A
105 days
Our longest maximum contractual period of 105 days applies to a small number of suppliers and the terms are as required by them under the arrangement in place with the Buying Group who acts for these suppliers. Our next longest payment terms are 60 days.
N/A
Invoices on dispute go on hold and finance or the relevant budget holder will contact the supplier to resolve the issue. Once resolved the invoice will go on the next available weekly payment run. Our objective is to resolve these as quickly as possible.
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