AMBER TAVERNS LIMITED

Company number: 05335601

Reporting period:
1 February 2021 to 1 August 2021

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This report was filed on 21 December 2021

and approved by Joanne Jones

Payment statistics

Average time taken to pay invoices: 25 days

Invoices paid:

• within 30 days: 58%
• in 31 to 60 days: 40%
• in 61 days or more: 1%

Invoices due but not paid within agreed terms: 3%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

45 days

Standard payment terms

Payments made in accordance with supplier contracts typically 7, 14 or 30 days or variable collected on specified dates post end of month. Local goods/services suppliers 7 days, larger corporate's to their terms or 30 days

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

59 days

Example main contract paid 28th month following invoice date could be between 30-59 days

Any other information about payment terms

N/A

Dispute resolution process

Queries are raised in accordance with the suppliers policy and advised as soon as possible by the finance team. Disputes would be referred to the organiser of the contract for goods/services for resolution. If none possible legal advice would be sought.

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, this business has not signed up to a code of conduct or standards on payment practices.

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.

Yes

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