Company number: 01556886
and approved by Christopher Bryan
Average time taken to pay invoices: 57 days
Invoices paid:
Invoices due but not paid within agreed terms: 33%
0 days
90 days
Standard payment terms are 90 days from the date of receipt of a valid and correct invoice
Change from 60 days to 90 days
New vendors are informed on terms, existing vendors were informed by Buyers or as part of contract renegotiation
90 days
No further comment provided
Intercompany invoices and performance have been excluded in reported statistics. These are generally wholly owned group companies and do distort performance (detrimentally) as more emphasis and monitoring is put on payment to third parties.
In the first instance disputes will be received by our Invoice processing contact centre at the defined email address or telephone number printed on every Purchase Order. Queries will then be forwarded to the requester of the services/goods for information and evaluation. Failure to meet resolution will be escalated to the Head of Purchase to Pay and include the specific Buyer for the service/goods that is responsible for the vendor relationship
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.
Yes
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.
Yes
No
No