Company number: 02320731
and approved by David Trumble
Average time taken to pay invoices: 47 days
Invoices paid:
Invoices due but not paid within agreed terms: 69%
30 days
120 days
For the reporting period, the most commonly used terms (by reference to number of invoices) was a payment period of 30 days. However, for key suppliers of core materials to our production process, differing terms of longer payment periods were agreed at the discretion of the supplier with the longest being 120 days. Therefore, the weighted average payment period by reference to invoice value would be greater than 30 days.
Answer not provided
N/A
120 days
The longest payment period agreed with a supplier during the reporting period was for invoices to be paid on the 31st of the 3rd month following the invoice date. (120)
N/A
Any complaints or concerns relating to payments should be sent to our Accounts Payable mailbox (accounts.payable@emmettuk.com). If the invoice(s) in question are on hold pending resolution of queries this will be followed up with the relevant team member that placed the order(s). Any other payment queries will be escalated to the Group Treasury Manager and/or the UK Financial Controller for resolution as quickly as possible and to advise of a payment date. Anything requiring further escalation will be referred to the Group Finance Director.
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