Company number: 00160251
and approved by Stephen Vonderdell
Average time taken to pay invoices: 34 days
Invoices paid:
Invoices due but not paid within agreed terms: 4%
7 days
60 days
Our standard supplier payment terms are 60 days.
Answer not provided
N/A
60 days
No further comment provided
N/A
After receiving a query from a supplier we will • Check our Finance and Invoice authorisation systems to ensure relevant invoices have been received. If they have not been received we will request a copy • Check if there are discrepancies with the invoice/order such as having being invoiced incorrectly, items or services not having been received or if there have been any disputes relating to the goods/ services received • If there are any issues with authorisation, or disputes relating to goods received we will contact the relevant colleague to request an update or to find a possible resolution • If we are made aware of any issues that could prevent payment within the agreed contractual terms then we will contact the supplier at the earliest opportunity to enable them to make any amendments to their documentation or to resolve any issues relating to the receipt of goods and/ or services • If we are found to be at fault in any way then we will endeavour to make payment on the next available payment run, or, in exceptional circumstances, make a one off payment
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