Company number: 00147207
and approved by Tom Murray
Average time taken to pay invoices: 43 days
Invoices paid:
Invoices due but not paid within agreed terms: 59%
30 days
Answer not provided
Calendar month plus 30 or 60 days.
Answer not provided
N/A
90 days
No further comment provided
Our payment terms have been agreed with our suppliers and demonstrate our commitment to sustainable business practises. We pay in accordance with the agreed payment terms subject to normal trading queries and the timing of our payment runs. During the Covid-19 pandemic we continue to trade and endeavour to pay our suppliers as usual. Inevitably adapting to new working practises such as working from home and furloughing of employees, in both our organisation and our supply chain, has resulted in some disruption. We are working towards getting back to normal as soon as we can.
Where a query on an invoice is identified, normally as a result of it differing to the purchase order or goods receipt note, this is referred back to the order originator with instruction to discuss and resolve the query with the supplier as soon as is practicable. Our standard working practice is that all queries are raised within 3 working days. Regular supplier statement reconciliations are carried out to ensure the completeness of the invoices we have received.
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.
No
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
No
No