PETS AT HOME LTD
Company number: 01822577
Reporting period:
29 September 2021
to 28 March 2022
This report was filed on 27 April 2022
and approved by Mike Iddon
Payment statistics
Average time taken to pay invoices: 59 days
Invoices paid:
- within 30 days: 18%
- in 31 to 60 days: 35%
- in 61 days or more: 47%
Invoices due but not paid within agreed terms: 19 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
90 days
Standard payment terms
75 Days
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
Dispute resolution process
The Group has in place a process for resolving disputes relating to payment. In the event of a dispute, the Accounts Payable Team would notify the supplier either verbally or in writing of the existence and nature of the dispute and seek to agree a credit note or alternative resolution so that a payment can be made. Credit claims are raised with agreement from the Supplier. Resolution time would be expected to be within 7 to 14 days depending on the nature of the dispute so supplier payment terms could still be met. The Accounts Payable email is purchaseledger@petsathome.co.uk
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.
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