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Company number: 05840121

Reporting period:
1 January 2018 to 30 June 2018

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

This report was filed on 30 July 2018

and approved by B R Taberner

Payment statistics

Average time taken to pay invoices: 44 days

Invoices paid:

Invoices due but not paid within agreed terms: 37 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

60 days

Standard payment terms

Supplier accounts are linked to payment profiles which determine when invoices become eligible for payment. Approximately 25% of the group’s wider supplier accounts are payable at the end of the month following the invoice date (maximum), approximately 40% are payable 28 days after the invoice date, approximately 35% are payable 14 days after the invoice date, and <1% are payable 7 days after invoice date (shortest).

Standard payment terms therefore generally range from 7 to 60 days from the date of a relevant invoice, depending upon the supplier account and the way that payment run dates fall.

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


Maximum contractual payment period agreed

60 days

Any other information about payment terms


Dispute resolution process

Query/dispute resolution is carried out by either the individual who initiated and placed the purchase order, or a member of the central accounts payable team.
This can be escalated 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.


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?