BETTYS & TAYLORS GROUP LTD

Company number: 00500829

Reporting period:
2 November 2020 to 30 April 2021

---

This report was filed on 27 May 2021

and approved by PAUL COGAN

Payment statistics

Average time taken to pay invoices: 38 days

Invoices paid:

• within 30 days: 48%
• in 31 to 60 days: 44%
• in 61 days or more: 8%

Invoices due but not paid within agreed terms: 44%

Payment terms

Shortest standard payment periods

45 days

Longest standard payment period

Answer not provided

Standard payment terms

Each invoice will be payable by us by the last day of the month following the date on which the invoice is received by us at the address specified by us in writing.

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

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

N/A

Dispute resolution process

Queries should be raised in the first instance through the Accounts Payable Team. Suppliers can either send an email to the dedicated ‘Accounts’ mailbox or call the Taylors of Harrogate main switchboard number, request to speak with Accounts Payable and the call willbe directed accordingly. The team can be contacted Monday - Friday between 08.00am - 5.00pm. Alternatively suppliers may raise queries directly through their Buyer/Contact who will then liaise with Accounts Payable to ensure a speedy resolution is reached.

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, this business has not signed up to a code of conduct or standards on payment practices.

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