Company number: SC053848
and approved by Duncan Kirk Fletcher
Average time taken to pay invoices: 71 days
Invoices paid:
Invoices due but not paid within agreed terms: 59%
0 days
70 days
Purchase ledger payments – Payment will be made 45 days after the end of month of the date of the valid invoice unless stated in the purchase order. A valid invoice has to include our purchase order number, goods need to have been delivered and all required documentation provided. The receipt date for said invoice will be assumed to be 3 days after the date of invoice. Sub contract ledger payments – Standard payment terms are variable between 30 and 70 days from the date of the valuation and is dependent on the subcontract agreement.
Answer not provided
N/A
70 days
No further comment provided
The statistical information provided includes payments to both purchase ledger and subcontract suppliers
FES Ltd are committed to resolving any disputed invoices quickly. The purchase ledger team carry out monthly purchase ledger reconciliations to highlight any invoices which are not on the ledger and to request these from supplier. A purchase administration team carry out follow up request for GRN’s and Service Reports.
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