TURNERS (SOHAM) LIMITED
Company number: 00439684
Reporting period:
1 July 2020
to 31 December 2020
This report was filed on 24 March 2021
and approved by P E DAY
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 27%
- in 31 to 60 days: 60%
- in 61 days or more: 13%
Invoices due but not paid within agreed terms: 4 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
72 days
Standard payment terms
Payment to be received by supplier no more than 45 days after the end of the month in which the invoice is dated.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
73 days
Any other information about payment terms
Payment is usually received by a supplier on the first or second Friday of the second month after the month in which the invoice is dated.
Dispute resolution process
The supplier will be informed who to contact to resolve the dispute. The payment will be received by the supplier on the Friday of the week following the 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
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