INTERNATIONAL PLYWOOD (IMPORTERS) LIMITED
Company number: 01537086
Reporting period:
1 November 2021
to 30 April 2022
This report was filed on 24 May 2022
and approved by Andrew Draper
Payment statistics
Average time taken to pay invoices: 21 days
Invoices paid:
- within 30 days: 75%
- in 31 to 60 days: 17%
- in 61 days or more: 8%
Invoices due but not paid within agreed terms: 25 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Most frequently used standard payment terms for goods and services is net monthly.
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 main contact for disputes is the International Plywood accounts department in Gloucester. When a supplier's invoice is disputed they will receive a communication from the department giving the invoice number and reason for dispute. To resolve, the supplier should provide any missing information or a corrected invoice.
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