DREAMS LIMITED
Company number: 08428347
Reporting period:
1 July 2021
to 24 December 2021
This report was filed on 31 January 2022
and approved by Kim Zaheer
Payment statistics
Average time taken to pay invoices: 67 days
Invoices paid:
- within 30 days: 5%
- in 31 to 60 days: 38%
- in 61 days or more: 57%
Invoices due but not paid within agreed terms: 12 %
Payment terms
Shortest standard payment period
14 days
Longest standard payment period
90 days
Standard payment terms
Standard terms for stock suppliers end of second month following. All other suppliers standard terms are end of month following
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
In case of a dispute the vendor should contact the Accounts Payable team at invoicequeries@dreams.co.uk. If the query requires further escalation it would be sent to the buyer holding the relationship with that vendor. We do request all vendors to send their invoices in a pdf format to invoice@dreams.co.uk for processing, quoting a purchase order number once the order is placed. Details of our terms and conditions are sent to each vendor on account set up and as and when updated.
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.
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