GOV.UK
SHANDON DIAGNOSTICS LIMITED
Company number: 00330973
Reporting period:
1 April 2021
to 30 September 2021
This report was filed on 26 October 2021
and approved by Ian Weir
Payment statistics
Average time taken to pay invoices: 48 days
Invoices paid:
- within 30 days: 40%
- in 31 to 60 days: 28%
- in 61 days or more: 31%
Invoices due but not paid within agreed terms: 19 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
90 days
Standard payment terms
It is the company’s policy to agree appropriate terms of payment with suppliers for each transaction or series of transactions, and to abide by those terms based on the timely submission of satisfactory invoices. The company normally seeks to settle trade payables on 75 days terms, however variations to these terms do exist based upon agreements with certain suppliers.
The company is amenable to agreeing discounted payment terms with suppliers where to do so would be mutually beneficial.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
Dispute resolution process
The company is committed to dealing with its suppliers in a fair, honest and professional manner. We seek to resolve queries as quickly as possible.
We have a dedicated accounts payable team that offers suppliers support through to query resolution. The team can be contacted from Monday through to Friday by email (EP-purchaseledger.ukrun@Epredia.com), or by phone (01928 534000).
Contact by e-mail is typically acknowledged same-day, but always within 24 hours. The majority of phone calls are answered immediately.
The accounts payable team will work to resolve queries in the first instance, with escalation to the internal purchasing team if required. Any query that cannot be resolved at this stage would then be escalated to the relevant head of department to seek a resolution.
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