Company number: 02597050
and approved by Jamie Lyon
Average time taken to pay invoices: 31 days
Invoices paid:
Invoices due but not paid within agreed terms: 37%
0 days
90 days
Our standard payment terms are 30 days, but ranges on specific invoices from "immediate" to 90 days.
Answer not provided
N/A
90 days
No further comment provided
Where payment terms are "immediate" we pay the invoice in the next payment run after it is approved. With all invoices, we endeavour to ensure that payment is made so that cleared funds are received within the payment terms stated on the invoice, however, sometimes invoices are received late, or there is a delay in approving them, which affects the payment process.
The person who is first approver for the invoice is the person who is responsible for booking, ordering or confirming the goods or services. If there is an issue with the invoice, it is their responsibility to contact the vendor and arrange a credit note or a re-issued invoice.
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