DISPLAYLINK (UK) LIMITED
Company number: 04811048
Reporting period:
1 January 2021 to 30 June 2021
Report filed on:
28 July 2021
Approved by:
David Hargreaves
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 65%
- in 31 to 60 days: 26%
- in 61 days or more: 9%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 38%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
Answer not provided
Standard payment terms
Standard payment terms as per our terms and conditions are 60 days.
Were there any changes to the standard payment terms in the reporting period?
Standard payment terms revised from 30 days to 60 days to align with Group policies, following acquisition.
Were suppliers notified or consulted about these changes before they were made?
PO stating payment terms provided to all relevant suppliers paid via AP. Where this was not appropriate or applicable, the company has been open to negotiation.
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Any disputes with suppliers regarding overdue invoices are handled as circumstances dictate. Typically we would look to settle disputes with reasonable settlement.
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 Fair 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