NEW ENGLAND SEAFOOD INTERNATIONAL LIMITED
Company number: 02565953
2 November 2020
to 30 June 2021
This report was filed on 6 August 2021
and approved by Daniel Cassiano-Silva
Average time taken to pay invoices: 37 days
- within 30 days: 42%
- in 31 to 60 days: 49%
- in 61 days or more: 9%
Invoices due but not paid within agreed terms: 15 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
The Company pays suppliers in accordance with the terms agreed on a supplier by supplier basis. This results in terms of 30 days for the majority of suppliers.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
These terms are applicable for certain suppliers and result from a commercial negotiation reflecting the product and industry standard.
Any other information about payment terms
Dispute resolution process
Any queries relating to payments are dealt with by the accounts payable team. Any queries should be addressed to email@example.com.
All queries will be dealt with in a timely manner.
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.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?