THE ALTERNATIVE PARCELS COMPANY LIMITED
Company number: 02855735
Reporting period:
1 April 2021 to 30 September 2021
Report filed on:
19 October 2021
Approved by:
Mark Fletcher
Payment statistics
Average time taken to pay invoices: 53 days
Invoices paid:
- within 30 days: 10%
- in 31 to 60 days: 68%
- in 61 days or more: 22%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 9%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
72 days
Standard payment terms
Standard terms are 40 days net monthly however, we do have 30 days net monthly and weekly payment terms.
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
72 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
A dispute is raised by the authorising Manager directly to the supplier and then followed up by the ledger team.
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