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PZ CUSSONS (INTERNATIONAL) LIMITED

Company number: 00706511

Reporting period:
1 June 2021 to 30 November 2021

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This information is as reported by the business, and responses are in their own words.

This report was filed on 30 December 2021

and approved by Kareem Moustafa

Payment statistics

Average time taken to pay invoices: 52 days

Invoices paid:

• within 30 days: 39%
• in 31 to 60 days: 28%
• in 61 days or more: 33%

Invoices due but not paid within agreed terms: 33 %

Payment terms

Shortest standard payment period

14 days

Longest standard payment period

180 days

Standard payment terms

60 days end of month following invoice date

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

No

Maximum contractual payment period agreed

180 days

Any other information about payment terms

N/A

Dispute resolution process

Terms can be agreed/disputed by contacting Procurement or the person who placed the order. They will then seek approval from the company code finance director to amend terms in our system - without this approval no changes will be made.

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