FRONTIER DEVELOPMENTS PLC
Company number: 02892559
Reporting period:
1 June 2021
to 30 November 2021
This report was filed on 22 December 2021
and approved by Alex Bevis
Payment statistics
Average time taken to pay invoices: 20 days
Invoices paid:
- within 30 days: 97%
- in 31 to 60 days: 3%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 0 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
60 days
Standard payment terms
Frontier's standard terms are 30 days. However there are agreements with some suppliers where the terms are shorter or longer than the standard terms.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
Accounts Payable is the first point of contact for queries from suppliers. They will also raise any invoice queries with suppliers in the first instance. Where required, Accounts Payable will liaise with the person who raised the order, and both will work with the supplier in order to find a resolution as quickly as possible.
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