GOV.UK
PENTALVER CANNOCK LIMITED
Company number: 01189068
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 27 July 2018
and approved by Charles Noble
Payment statistics
Average time taken to pay invoices: 25 days
Invoices paid:
- within 30 days: 88%
- in 31 to 60 days: 9%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 48 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
We operate on a Standard 30 Days End of Month Payment Term. This means Invoices raised on Day 1 in Month 1 will be paid at the end of Month 2 i.e. 60 Days whereas Invoices raised on Day 30 in Month 1 are also paid at the end of Month 2 i.e. 30 Days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Our Standard Payment Terms as described above represent our default contractual arrangements. Specific Payment Terms may be agreed on a case by case basis with individual suppliers and incorporated into the resultant supply contract.
Any other information about payment terms
N/A
Dispute resolution process
In the unlikely event that a supplier is in dispute regarding Payment Terms, we manage the process in accordance with:
I. Contractually Agreed Terms and Conditions
II. Procurement Policy Ref. FIC/0600 Dated Oct 2017
III. Purchasing procedures Ref. FIC/0601 Issue 1 Dated Aug 2016.
If the dispute remains unresolved, our suppliers have direct access to our Procurement Team via e-mail at ProcurementHelp@Freightliner.co.uk or through direct contact with a specific individual where normal customer/supplier relationships exist. All e-mails to the Procurement Help are monitored by the Director of Procurement with whom any unresolved issue can be addressed. In the event the dispute is not resolved it will be escalated to the Engineering & Operations Services Director who has overall responsibility for Procurement.
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