AVTRADE LIMITED
Company number: 01917328
Reporting period:
1 August 2020 to 31 January 2021
Report filed on:
9 February 2021
Approved by:
Chris Christou
Payment statistics
Average time taken to pay invoices: 46 days
Invoices paid:
- within 30 days: 24%
- in 31 to 60 days: 65%
- in 61 days or more: 11%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 76%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
45 days
Standard payment terms
A mixture of 30 days net, and end of following month.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Invoice disputes are raised promptly after receipt of the invoice concerned. Any disputes are then checked with the relevant department and are usually communicated to the supplier within 7 working days. Disputes are regularly followed up with the relevant supplier for timely 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.
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