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VAN ELLE LIMITED

Company number: 02590521

Reporting period:
1 May 2020 to 31 October 2020

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This information is as reported by the business, and responses are in their own words.

This report was filed on 9 February 2021

and approved by Graeme Campbell

Payment statistics

Average time taken to pay invoices: 77 days

Invoices paid:

• within 30 days: 3%
• in 31 to 60 days: 26%
• in 61 days or more: 71%

Invoices due but not paid within agreed terms: 42 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

90 days

Standard payment terms

30 days from end of month of invoice
45 days from end of month of invoice
60 days from end of month of invoice

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

90 days

Any other information about payment terms

N/A

Dispute resolution process

When an invoice is received and there is no proof of delivery the site teams are contacted by the finance team to provide the proof of delivery.
Where no proof of delivery is available internally, the vendor is contacted by the finance team for a copy of the proof of delivery. Invoices are not paid without a proof of delivery.
Where there is a variance to the purchase order, the purchase order creator is contacted by the finance team to review and approve the invoice variance.
Disputes relating to payment terms are dealt with by the purchasing department.

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