Company number: 04513124
1 July 2017
to 31 December 2017
This report was filed on 26 January 2018
and approved by Richard Cotton
Average time taken to pay invoices: 43 days
- within 30 days: 25%
- in 31 to 60 days: 63%
- in 61 days or more: 12%
Invoices due but not paid within agreed terms: 73 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
30 days from invoice date.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Dechra Limited purchases from business with 60 day payment terms as their standard.
Any other information about payment terms
Dechra Limited pays its invoices on average within 43 days. Due to our payment terms being based on number of days FROM invoice date and our payment cycle being twice a month we make payments late to these terms. However our supplier base is happy with our payment processes. We are currently reviewing our standard terms so they better reflect our payment practices.
Dispute resolution process
Dechra Limited resolve payment disputes quickly and efficiently. When an invoice is presented at Dechra Limited it should quote a purchase order reference. In the case of a query on quantity or price the local purchasing team will contact the supplier directly by phone or email to reach resolution.
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.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?