GOV.UK
QUADIENT UK LIMITED
Company number: 02658324
Reporting period:
1 February 2021
to 31 July 2021
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 12 August 2021
and approved by Gregory Adam
Payment statistics
Average time taken to pay invoices: 42 days
Invoices paid:
- within 30 days: 35%
- in 31 to 60 days: 42%
- in 61 days or more: 23%
Invoices due but not paid within agreed terms: 81 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
30 days from date of invoice, however we do pay some suppliers less than 30 days and some of our intercompany payments are due at 60 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
The department that requested the goods/service will contact the supplier with the dispute within 48 hours, with an aim to find a resolution within 2 weeks.
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
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