Company number: 01972749
and approved by Paul Leslie Ford
Average time taken to pay invoices: 82 days
Invoices paid:
Invoices due but not paid within agreed terms: 62%
30 days
60 days
Invoices payable to companies within the ABG Group are paid by the end of the month following the receipt of the invoice via a net settlement process offsetting any receivable amounts due from those companies. Other suppliers are paid 60 days from invoice date (provided a valid VAT invoice is submitted quoting a PO/ reference number)
Answer not provided
N/A
60 days
No further comment provided
N/A
Any queries must be emailed to Supplierhelpdesk.abs@abg.com. If necessary, subsequent escalation can be made by contacting the Procurement Manager or appropriate stakeholder – the Procurement Manager can then escalate within the team at the shared service centre and ask for specific actions to be taken whilst then communicating with the supplier. Validation is sought from invoice approvers in terms of disputed invoices. Set off may be allowed if a settlement has to be made subject to payment terms and contractual agreement position.
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