S A DESIGNER PARFUMS LIMITED
Company number: 04198899
Reporting period:
1 October 2021
to 31 March 2022
This report was filed on 27 April 2022
and approved by Dilesh Mehta
Payment statistics
Average time taken to pay invoices: 38 days
Invoices paid:
- within 30 days: 38%
- in 31 to 60 days: 52%
- in 61 days or more: 10%
Invoices due but not paid within agreed terms: 6 %
Payment terms
Shortest standard payment period
1 days
Longest standard payment period
90 days
Standard payment terms
SADP work to a standard set of payment terms, which are 30 days from invoice date. 60- 90 days from invoice for stock; and 30 days from invoice date is for all non-stock invoices. Variations to standard terms exist based on agreements with suppliers, including payments for rent and utilities. Our payment practice is that we will pay to term if we have received a current statement. Fortnightly request is sent by email to all suppliers.
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
There is an accounts payable department which are responsible to reply to the supplier is there if an issue with the invoice. If it cant be resolved by the team it can be elevated to Supervisor, and Manager. If there is query to quality control or other stock or logistics query then the relevant party will contact the supplier. Suppliers can contact the accounts payable department with a generic email address. Our payment practice is that we will pay to term if we have received a current statement. Fortnightly request is sent by email to all suppliers.
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