THE PERFUME SHOP LIMITED
Company number: 02699577
Reporting period:
27 June 2021 to 1 January 2022
Report filed on:
31 January 2022
Approved by:
CLAIRE DINES
Payment statistics
Average time taken to pay invoices: 46 days
Invoices paid:
- within 30 days: 69%
- in 31 to 60 days: 22%
- in 61 days or more: 9%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 19%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Payment shall be made in accordance with the payment term stipulated in the Purchase Order or otherwise agreed by the parties, following receipt of the Supplier’s valid invoice (quoting the Purchase Order number) or the receipt of the delivery of the Products, whichever is the later
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
All invoice related disputes are notified via the Business Function in a timely manner, if the dispute is not resolved over the phone this will be followed up in writing usually via e-mail, We aim to resolve all invoices disputes as timely 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 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.
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.
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