Company number: 02524190
and approved by Stacie Bourke
Average time taken to pay invoices: 50 days
Invoices paid:
Invoices due but not paid within agreed terms: 82%
1 days
90 days
Standard payment terms are 45 days net of invoice date, other standard payment terms can be agreed with suppliers if required.
Answer not provided
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90 days
No further comment provided
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Any disputed invoices are firstly dealt with by the accounts payable team, who generally deal with smaller queries such as delivery charges and purchase price variations. The variations are reviewed and agreed by the buying department. If a query cannot be easily resolved, the case is handed over to the Purchasing department to investigate. The Purchasing department will liaise with the supplier and other departments within the business in order to resolve the queries. If the dispute cannot be resolved by the Purchasing department, the Head of Purchasing will inform the Vice president of Operations, and the Vice President of Financial Reporting, who will decide on how the dispute is to be handled. (An agreed position has been reached between the parties of contract, or action is pursued to enforce the contract terms under the residing jurisdiction of law)
For example, signatories to The Prompt 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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No