PETCO TRADING (UK) LIMITED
Company number: 06695912
1 July 2021
to 31 December 2021
This report was filed on 24 January 2022
and approved by Jazlinawati Osman
Average time taken to pay invoices: 56 days
- within 30 days: 73%
- in 31 to 60 days: 12%
- in 61 days or more: 15%
Invoices due but not paid within agreed terms: 27 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
Standard payment period for qualifying contracts is 30 days.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
Direct negotiation with counterparty [at high management level]. Contracts are typically subject to either arbitration or national court jurisdiction, to be referred to if direct negotiation is unsuccessful in resolving any difference(s). So far there has been no dispute cases.
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.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?