THE CAPITAL MARKETS COMPANY (UK) LIMITED

Company number: 03638404

Reporting period:
1 January 2021 to 30 June 2021

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This report was filed on 24 August 2021

and approved by Mr G James

Payment statistics

Average time taken to pay invoices: 26 days

Invoices paid:

• within 30 days: 80%
• in 31 to 60 days: 17%
• in 61 days or more: 3%

Invoices due but not paid within agreed terms: 3%

Payment terms

Shortest standard payment periods

45 days

Longest standard payment period

60 days

Standard payment terms

Capco has varying payment terms depending on individual contract agreed with its vendors. Most frequently used agreed term is 45 days for vendors that are not third party sub-contractors, which is 30 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

60 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

The complaint or concern will be considered by the Accounting team and escalated to the appropriate individual in the organisation within 5 working days. Once dispute between both parties has been resolved payment is usually made within 7 working days.

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