GOV.UK
LOGICALIS UK LIMITED
Company number: 03732397
Reporting period:
1 September 2021
to 28 February 2022
This report was filed on 21 March 2022
and approved by MARK GRANT
Payment statistics
Average time taken to pay invoices: 47 days
Invoices paid:
- within 30 days: 45%
- in 31 to 60 days: 17%
- in 61 days or more: 38%
Invoices due but not paid within agreed terms: 3 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
90 days
Standard payment terms
Logicalis UK Ltd will always negotiate for 60 day payment terms however this can be negotiated depending on company size
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
An invoice can be placed into dispute or queried for the below reasons. In each case the member of the finance team responsible for the supplier will make contact directly by phone call or email within 7 days of receipt or the invoice. Finance will aim to resolve any dispute within 30 days from receipt of invoice.
No PO quoted on the invoice
Price Discrepancy on the PO or invoiced service
Quantity discrepancy on the PO
Internal confirmation that the invoiced service has not been carried out or completed.
Should a supplier have a dispute with Logicalis UK Ltd regarding contracted terms or billable rates then Finance will liaise with Procurement and sometimes Legal to determine the best way forward and update the supplier.
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