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Company number: 03553786

Reporting period:
1 September 2021 to 28 February 2022

Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 31 March 2022

and approved by Joanne Cowl

Payment statistics

Average time taken to pay invoices: 70 days

Invoices paid:

Invoices due but not paid within agreed terms: 17 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

100 days

Standard payment terms

Payment terms vary by supplier and are agreed with supplier on commencement of supply

Were there any changes to the standard payment terms in the reporting period?


Maximum contractual payment period agreed

100 days

Any other information about payment terms

The company implemented an invoice processing system towards the end of the previous reporting period. This resulted in a backlog in the processing of purchase invoices. The backlog has now been cleared and late payments have reduced to the previous levels.

Dispute resolution process

The ABI finance and purchasing departments will discuss and agree resolution with 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.


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.


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.


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?


During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?