ORDNANCE SURVEY LIMITED
Company number: 09121572
Reporting period:
1 April 2020
to 30 September 2020
This report was filed on 22 February 2021
and approved by Steve Blair
Payment statistics
Average time taken to pay invoices: 29 days
Invoices paid:
- within 30 days: 75%
- in 31 to 60 days: 16%
- in 61 days or more: 9%
Invoices due but not paid within agreed terms: 25 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Payment of undisputed sums will be due within 30 calendar days of receipt by OS of a correctly presented invoice (unless OS has otherwise agreed in writing). Payment will be made in pounds sterling (£) (unless otherwise agreed). OS shall notify the Supplier of any disputed sums within 10 Working Days, giving full reasons for the dispute.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
Dispute resolution process
Dealt with on an ad-hoc basis and by exception – no process in place.
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