Company number: 01910453
and approved by Victoria Silvester
Average time taken to pay invoices: 45 days
Invoices paid:
Invoices due but not paid within agreed terms: 57%
0 days
117 days
This is due to legal invoices which were due to be paid as received. This is an unusual standard payment terms. The shortest otherwise is 7 days The longest payment terms will vary with each report as some suppliers will have a set term from the end of the month. Therefore depending on the date of the invoice will depend on time till the end of the month.
Supplier terms were discussed with a few key suppliers and renegotiated as appropriate.
Supplier terms were discussed with a few key suppliers and renegotiated as appropriate.
121 days
No further comment provided
N/A
The first point of contact for disputes in Corin Limited is the purchasing department. They will work with the supplier and relevant department manager to solve the issue. Once the issues have been resolved, the supplier will need to provide any missing information or a corrected invoice before payment.
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No