ORANGE BUSINESS UK LIMITED

Company number: 02635954

Reporting period:
1 January 2021 to 30 June 2021

---

This report was filed on 29 July 2021

and approved by Glenda Brady

Payment statistics

Average time taken to pay invoices: 29 days

Invoices paid:

• within 30 days: 83%
• in 61 days or more: 17%

Invoices due but not paid within agreed terms: 17%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

90 days

Standard payment terms

Any undisputed amount due to Supplier by Purchaser under any Service Order placed under this Agreement shall be paid within sixty (60) Business Days from date of the corresponding invoice.

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

90 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

If Purchaser in good faith disputes any Charge, invoice or amount due under this Agreement (the “Disputed Amount”), Purchaser shall notify to Supplier such dispute and explain the corresponding reasons in writing. Purchaser may withhold any Disputed Amount in good faith and Purchaser shall not be deemed to be in breach of its payment obligations under this Agreement (Withhold payment shall not be subject to late charges). The parties will discuss the dispute in order to solve the issue. In the event the dispute is not solved at the operational level between the relevant parties, Supplier shall address within sixty (60) Business Days from the notice mentioned here above the dispute at the global account managers level, and if the dispute is still not solved at the global account managers level, either Party may escalate the dispute according to the provisions of Clause xx (Dispute Resolution). Dispute resolution clause includes further escalation procedure, with stop provision of referral to binding arbitration, usually before one arbitrator under ICC rules.

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 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.

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.

Yes

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