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IMTECH ENGINEERING SERVICES LONDON AND SOUTH LTD

Company number: 02925156

Reporting period:
1 July 2021 to 31 December 2021


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

This report was filed on 28 January 2022

and approved by Neil Evans

Payment statistics

Average time taken to pay invoices: 30 days

Invoices paid:

Invoices due but not paid within agreed terms: 38 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

90 days

Standard payment terms

We use standard payment terms, we do not exercise contractual clauses to change terms of payment and if we were to do so, it would be agreed in writing by both parties

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

No

Maximum contractual payment period agreed

90 days

Any other information about payment terms

N/A

Dispute resolution process

Our supply chain are promptly made aware of any queries following the result of PO mismatch or any quality issues which would delay or risk payment

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.

Yes

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.

Yes

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