E-ZEC MEDICAL TRANSPORT SERVICES LTD
Company number: 04088225
Reporting period:
1 July 2020 to 31 December 2020
Report filed on:
3 August 2021
Approved by:
Andrew Wickenden
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 8%
- in 31 to 60 days: 89%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
It is the company’s policy to agree appropriate payment terms with suppliers, and to abide by those terms based on the timely submission of valid invoices containing a verifiable Purchase Order Number. The company’s standard terms are : mid month and month end payment runs for all invoices at least 30 days old.
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
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The company seeks to deal with suppliers of all sizes in a fair an reasonable manner. We seek to respond and address supplier queries as quickly as possible. In the event a dispute cannot be resolved by the central E-Zec Accounts Payable team, it would be escalated to the contract manager where the charge was generated for resolution.
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