EXPERT LOGISTICS LTD.
Company number: 03442571
Reporting period:
1 October 2020
to 31 March 2021
This report was filed on 26 April 2021
and approved by Mark Higgins
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 68%
- in 31 to 60 days: 24%
- in 61 days or more: 8%
Invoices due but not paid within agreed terms: 18 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
60 days
Standard payment terms
Most frequently used standard payment terms for goods and services are 30 days end of month from invoice date. For self employed drivers, we pay by the Monday of the second week following the week in which the work is carried out.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
For queries related to payment of invoices, suppliers should initially contact the Expert Logistics Accounts Payable team at PurchaseLedger@expertlogistics.co.uk (drivers should contact payments@expertlogistics.co.uk ) who will assist in resolving straight forward issues.
Disputes which are more complex will be escalated to the relevant department/manager to resolve. It is Expert Logistics Ltd's aim to resolve all disputes as quickly as possible so to pay suppliers within the agreed payment terms.
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