INTEGRAFIN SERVICES LIMITED
Company number: 09541313
Reporting period:
1 April 2021
to 30 September 2021
This report was filed on 29 October 2021
and approved by Jane Isaac
Payment statistics
Average time taken to pay invoices: 17 days
Invoices paid:
- within 30 days: 87%
- in 31 to 60 days: 10%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 20 %
Payment terms
Shortest standard payment period
1 days
Longest standard payment period
45 days
Standard payment terms
Integrafin Services Limited (“ISL”) does not have standard payment terms. Payment terms are agreed with suppliers as part of contract negotiations. The most common payment terms of suppliers paid in the period is 30 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
45 days
Any other information about payment terms
N/A
Dispute resolution process
ISL do not have a standard dispute resolution process. If a dispute arises, ISL would work with the supplier to reach an amicable 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