QUBE RESEARCH & TECHNOLOGIES LIMITED
Company number: 09867306
Reporting period:
1 January 2021 to 30 June 2021
Report filed on:
29 July 2021
Approved by:
Christina Wilgress
Payment statistics
Average time taken to pay invoices: 12 days
Invoices paid:
- within 30 days: 96%
- in 31 to 60 days: 4%
- in 61 days or more: 0%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 9%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Qube Research & Technologies Ltd's policy is to pay suppliers within the agreed credit terms of 30 days. Reponses in this return on Time taken to pay invoices include calculations based on the time between invoice date and settlement date rather than the time between the date the invoice was received and the settlement date. This may therefore inflate time taken to pay invoices responses slightly.
Minor payment delays may occur if the invoice is received shortly after the weekly payment run.
Disputed amounts may also result in processing delays.
There is no stipulated maximum contractual payment period.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
65 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Any payment disputes are considered by the relevant department head and, if necessary, the Group CFO. Disputes are usually resolved within 30 days.
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