ABELLIO LONDON LTD
Company number: 03786162
Reporting period:
1 July 2020 to 31 December 2020
Report filed on:
28 January 2021
Approved by:
Andrew Worboys
Payment statistics
Average time taken to pay invoices: 25 days
Invoices paid:
- within 30 days: 90%
- in 31 to 60 days: 5%
- in 61 days or more: 5%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 10%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
54 days
Standard payment terms
Our standard payment terms are 15 days and 30 days. Some of our suppliers are being paid immediately - 0 days, and some are on payment terms to be paid on the 24th of the following month.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
54 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
In the ordinary course of business, a purchase order is raised and approved in advance of an invoice being received. Where there is a dispute with a supplier this is resolved by the approver of the purchase order.
Where an invoice is received and there is no approved purchase order in place, any dispute is resolved by the manager responsible for the department which the invoice relates to.
Where no agreement can be reached, the matter will be escalated through the management of the relevant department, ultimately to the Finance Director, if required.
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 Fair 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.
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