PARATUS AMC LIMITED
Company number: 03489004
Reporting period:
1 January 2021 to
30 June 2021
This report was filed on 1 March 2022
and approved by Hans Geberbauer
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 71%
- in 31 to 60 days: 23%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 7%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
30 days from date of receipt of an undisputed invoice
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
31 days
No further comment provided
Any other information about payment terms
Payment terms are as set out above unless otherwise agreed by both parties and/or is set out in any contract
Dispute resolution process
Disputes will be managed in accordance with any escalation procedures or contractual provisions in place or resolved through negotiation by the Procurement and Vendor Management team and any unresolved disputes may be escalated to the Company’s Legal team if required
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, 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.
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