Company number: 02655347
and approved by JONATHAN NEIL BLANCHARD
Average time taken to pay invoices: 58 days
Invoices paid:
Invoices due but not paid within agreed terms: 63%
30 days
60 days
We pay 30 days as standard, though many stock suppliers are on 60 days. For stock suppliers, payments are also subject to QC checks being completed and we ensure that we are always in communication with suppliers to discuss any issues. Payment is not automatically issued after 30 days, the supplier must provide a statement to the Accounts Payable department which is reconciled. Payments are then made twice a week for invoices that have fallen due and that have been reconciled to a supplier statement.
Answer not provided
N/A
60 days
Period from goods clearing QC in our warehouse.
N/A
Complaints and disputes should be raised initially with the Accounts Payable department in our Beckton office via email or telephone. A complaint will be picked up by a specific member of staff, depending on the type of supplier, on receipt and where it cannot be resolved the complaint will be escalated in the first instance to the Purchase Ledger Manager and then to the Financial Controller if required.
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