ROGER YOUNG LIMITED
Company number: 02207729
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
30 July 2018
Approved by:
Anthony Ainslie
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 60%
- in 31 to 60 days: 35%
- in 61 days or more: 5%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 26%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
60 days
Standard payment terms
We normally pay our suppliers on statement which would be up to 60 days, however our vehicle supplier could be paid within a few days or on a very rare occasion up to 12 months depending when the vehicle is sold.
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
365 days
Vehicles could be paid for up to 12 months after date of invoice depending if the vehicle is sold/registered or not.
Any other information about payment terms
No further comment provided
Dispute resolution process
If there was a dispute it would be dealt with by the department manager concerned or our Head of Business, if his involvement was required.
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