Company number: 00824821
and approved by Alan Williams
Average time taken to pay invoices: 53 days
Invoices paid:
Invoices due but not paid within agreed terms: 99%
30 days
Answer not provided
The company aims to pay in line with the terms agreed with suppliers. Where no agreement exists, the company will pay suppliers 30 days after the invoice date, provided the supplier sends an accurate invoice which quotes the correct purchase order or cost centre number.
Answer not provided
N/A
45 days
The terms for the maximum contractual payment period agreed with a supplier states documents are due the 1st day of the 1st month following invoice date (average of 45 days).
The company raises payment instructions in line with the agreed payment terms, which make no allowance for fund transmission times. The funds are available to suppliers between 1 and 5 days after the payment terms date depending upon the method of transmission.
Where non-payment is caused by invoicing inaccuracy due to incorrect pricing/quantities or the quality of goods or services provided, the person responsible for the purchase will dispute the invoice by placing it on hold. Invoices that are subject to a dispute will not be paid until the issue is resolved. Suppliers are informed of held items in every remittance advice which is sent out. Once resolved, payment will be made in accordance with the terms of the contract, unless the invoice is overdue where it will be paid in the next available payment run.
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