Company number: 02358344
and approved by Paul Sweeney
Average time taken to pay invoices: 43 days
Invoices paid:
Invoices due but not paid within agreed terms: 81%
0 days
60 days
our standard day terms are 30 days, but we pay some vendors 0-60 days depending on contract
Answer not provided
N/A
60 days
dealers warranty payments are 7 days, standard purchases 30 days and good to our warehouse are approx 60, they are paid once goods have been received and booked into the warehouse
we action daily payment runs to ensure vendors are paid promptly are approval of invoice.
We resolve payment issues within 5 days, they are normally as they have sent the invoices incorrectly or haven't applied the purchase order number to the invoice. This time we have some late payments due to goods not arriving promptly to the warehouse due to Brexit and invoices being sent to ex employees rather than the Account email so they were not received.
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