CLARKSON EVANS LIMITED
Company number: 03843351
Reporting period:
1 October 2021 to
31 March 2022
This report was filed on 29 April 2022
and approved by Doug Sparrow
Payment statistics
Average time taken to pay invoices: 36 days
Invoices paid:
- within 30 days: 44%
- in 31 to 60 days: 52%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 35%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Our standard payment terms for suppliers are 30 days or 30 days nett monthly (30 days from the end of the month of the invoice date). When agreed with a supplier, e.g. quarterly rental payment or supply of subcontractors, we pay to alternative terms.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Queries and disputes are generally resolved by the purchase ledger team. In the rare event this is not the case, they would be escalated in the first instance to the Finance Manager and then the Finance Director for resolution.
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, 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