EVEREST LIMITED
Company number: 04566809
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
30 July 2018
Approved by:
Antony Parsell
Payment statistics
Average time taken to pay invoices: 51 days
Invoices paid:
- within 30 days: 42%
- in 31 to 60 days: 10%
- in 61 days or more: 48%
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: 59%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
90 days
Standard payment terms
Everest Limited has different payment terms for different types of supplier. The shortest payment terms are 7 days from date of invoice for small subcontractors. Standard payment terms for all other suppliers are 60 days End of Month (60 days EOM), although some suppliers are on 30 days EOM and 45 days EOM, and 21, 30 and 45 days from date of invoice. This means that for invoices payable on 60 days EOM the payment due date could be up to 90 days from the invoice date (up to 60 days from invoice date for 30 days EOM and up to 75 days from invoice date for 45 days EOM).
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
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Everest Limited frequently encounters invoice queries due to price, quantity, type and quality of goods and services supplied. These queries are dealt with as promptly as practicably possible by Purchasing or the relevant department receiving the goods and services.
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.
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