ZAYO GROUP UK LIMITED

Company number: 03726666

Reporting period:
1 January 2021 to 30 June 2021

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This report was filed on 2 August 2021

and approved by Matt Steinfort

Payment statistics

Average time taken to pay invoices: 29 days

Invoices paid:

• within 30 days: 79%
• in 31 to 60 days: 16%
• in 61 days or more: 5%

Invoices due but not paid within agreed terms: 3%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

90 days

Standard payment terms

Zayo Group UK Ltd payment terms vary between 30 and 90 days from the receipt of a valid invoice, with an average payment timeline of 29 days

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

At Zayo Group UK Ltd, we aim to resolve invoice queries or disputes in a timely and efficient manner and ensure payments are made at the earliest opportunity. Depending on the type of disputes or queries, we will have someone from the respective departments contact the vendor to resolve the disputes, such as Procurement, Supplier Relation and other. If you have any queries regarding payment date or an invoice dispute, please contact us on the email address provided on the invoice.

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.

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