GOV.UK
TREETOPS NURSERIES LIMITED
Company number: 02537480
Reporting period:
1 January 2018
to 30 June 2018
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 30 July 2018
and approved by Matthew Muller
Payment statistics
Average time taken to pay invoices: 56 days
Invoices paid:
- within 30 days: 16%
- in 31 to 60 days: 52%
- in 61 days or more: 32%
Invoices due but not paid within agreed terms: 48 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Payments are made on the basis of 30 days end of month terms as standard. So an invoice dated 1/3/18 would be due for payment 30/04/18.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
30 days end of month as above.
Any other information about payment terms
N/A
Dispute resolution process
Any dispute or complaint will be considered by the Purchase Ledger Administrators and Purchase Ledger Supervisor as soon as the issue is raised. They will communicate with suppliers in order to achieve a resolution as soon as possible.
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.
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