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PMP RECRUITMENT LIMITED
Company number: 03485614
Reporting period:
1 January 2018
to 30 June 2018
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 30 July 2018
and approved by Chris Kenneally
Payment statistics
Average time taken to pay invoices: 36 days
Invoices paid:
- within 30 days: 53%
- in 31 to 60 days: 32%
- in 61 days or more: 15%
Invoices due but not paid within agreed terms: 49 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
60 days
Standard payment terms
60 days from invoice date unless agreed otherwise by exception
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
"% of payments due in the reporting period which were
not paid within the agreed payment period" would be
27% if 3 specific vendors where vendor processes
result in payment delays are excluded.
Dispute resolution process
Any disputes are notified to the supplier by either the
accounts department or department requesting the
supply. Every effort is made to resolve any dispute within the payment terms of invoice
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
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