Company number: 01675402
and approved by Peter Burnside
Average time taken to pay invoices: 37 days
Invoices paid:
Invoices due but not paid within agreed terms: 2%
30 days
75 days
Key and preferred suppliers sign to 45 days from end of month. For smaller businesses and ad hoc suppliers we have flexibility to pay to shorter agreed terms
Answer not provided
N/A
75 days
N/A
N/A
Disputes in relation to payments are initiated with the purchase ledger department and our procurement department whom governs the payment process. Where Payments are withheld for any reason this is discussed with the supplier in the first instance. If an agreement cannot be made this is then escalated to the Financial Director whom will discuss with their opposite number whether an agreement can be reached. During the period there has been no withheld payments that have gone beyond this point.
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.
Yes
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