DECHRA LIMITED
Company number: 04513124
Reporting period:
1 July 2021 to 31 December 2021
Report filed on:
27 January 2022
Approved by:
Paul Sandland
Payment statistics
Average time taken to pay invoices: 45 days
Invoices paid:
- within 30 days: 27%
- in 31 to 60 days: 57%
- in 61 days or more: 16%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 19%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
90 days
Standard payment terms
60 days end of month after the invoice was raised (can vary from immediate to 90 days end of month depending on spend by Dechra with suppliers)
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
Dechra Ltd purchases from business with varying terms depending on spend – a maximum of 90 day payment terms is standard for the larger suppliers
Any other information about payment terms
Percentage of invoices not paid within agreed terms has increased from prior period reporting
Dispute resolution process
Dechra Ltd resolve payment disputes quickly and efficiently. When an invoice is presented at Dechra Ltd it should quote a purchase order reference. In the case of a query on quantity or price the local purchasing team will contact the supplier directly by phone or email to reach resolution
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 Fair 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.
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