ARCHER (UK) LIMITED
Company number: SC229291
Reporting period:
1 July 2020
to 31 December 2020
This report was filed on 21 January 2021
and approved by Kenneth Dey
Payment statistics
This company stated that it entered into qualifying contracts in the reporting period, but did not make any payments.
Invoices due but not paid within agreed terms: 53 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
30 days
Standard payment terms
Standard payment terms are 30 days. A small number of contractors (accounting for less then 3% of the total number of invoices processed) have payment terms of 7 to 14 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
Dispute resolution process
Our aim is to deal with any invoice dispute in a prompt manner. Queries are dealt with either by the invoice processing team, or the member of staff responsible for commissioning the work/service or ordering the goods.
Queries would be escalated as appropriate within the organisation to try to ensure queries are resolved in a timely manner.
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