TERBERG DTS (UK) LIMITED
Company number: 03582151
Reporting period:
1 January 2020 to 30 June 2020
Report filed on:
12 April 2021
Approved by:
A Couper
Payment statistics
Average time taken to pay invoices: 25 days
Invoices paid:
- within 30 days: 75%
- in 31 to 60 days: 23%
- in 61 days or more: 2%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
All suppliers are paid in line with their payment terms & conditions
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
If it is necessary to dispute a supplier invoice, it is the responsibility of the employee who raised the order to raise the dispute. We endeavour to raise and resolve disputed invoices ASAP. Unapproved invoices are reviewed regularly and older invoices targeted to ensure they are processed as promptly as possible.
Once approved if an invoice is overdue it will be paid on the next payment run.
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 Fair Payment Code must commit to paying 95% of their invoices within 60 days.
Yes, this business has signed up to: Prompt Payment Code
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