GOV.UK
DECHRA LIMITED
Company number: 04513124
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 30 July 2018
and approved by Richard Cotton
Payment statistics
Average time taken to pay invoices: 43 days
Invoices paid:
- within 30 days: 20%
- in 31 to 60 days: 67%
- in 61 days or more: 12%
Invoices due but not paid within agreed terms: 70 %
Payment terms
Shortest standard payment period
1 days
Longest standard payment period
90 days
Standard payment terms
60 days end of month after the invoice was raised (can vary depending on spend by Dechra with suppliers)
Were there any changes to the standard payment terms in the reporting period?
Yes – From June 2018 payment terms vary from 30 days to 90 days end of month after the invoice was raised, depending on spend by Dechra with suppliers
Were suppliers notified or consulted about these changes before they were made?
Yes – In May 2018 Dechra Limited have written to all suppliers informing them invoices will be paid between 30 and 90 days end of month after the invoice was raised and have agreed this contractually; all other suppliers understand that their invoices will be paid at the end of the end of the month as part of the standard payment cycle.
Maximum contractual payment period agreed
90 days
Dechra Limited purchases from business with varying terms depending on spend - a maximum of 90 day payment terms is standard for the larger suppliers.
Any other information about payment terms
In May 2018 Dechra Limited have written to all suppliers informing them invoices will be paid between 30 and 90 days end of month after the invoice was raised and have agreed this contractually; all other suppliers understand that their invoices will be paid at the end of the end of the month as part of the standard payment cycle.
Dispute resolution process
Dechra Limited resolve payment disputes quickly and efficiently. When an invoice is presented at Dechra Limited it should quote a purchase order reference. In the case of a query on quantity or price the local purchasing team will contact the supplier directly by phone or email to reach 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