GOV.UK
DAC BEACHCROFT SERVICES LIMITED
Company number: 05560211
Reporting period:
1 November 2020
to 30 April 2021
This report was filed on 28 May 2021
and approved by David Gillard
Payment statistics
Average time taken to pay invoices: 8 days
Invoices paid:
- within 30 days: 97%
- in 31 to 60 days: 3%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 2 %
Payment terms
Standard payment period for qualifying contracts
0 days
Standard payment terms
The Company does not have standard payment terms with trade suppliers. The payment terms with trade suppliers range from 'due on receipt of invoice' to 60 days.
The most frequently used payment term with trade suppliers in the reporting period is 30 days.
A large number of payments are direct debits and therefore paid on the day they fall due.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
It is initially established whether an invoice has been received. If this is not the case, a copy invoice is requested.
If an invoice had already been received, it is then established if the invoice has been appropriately authorised and due for payment in accordance with the agreed payment terms. If this is the case, the payment is made. If this is not the case, the reasons are investigated internally and appropriate action taken.
If the matter cannot be resolved it is referred to the Group Finance Director and the Practice Governance and Risk team.
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