GOV.UK
LONGSAND LIMITED
Company number: 04598955
Reporting period:
1 November 2021
to 30 April 2022
This report was filed on 27 May 2022
and approved by Paul Rodgers
Payment statistics
Average time taken to pay invoices: 44 days
Invoices paid:
- within 30 days: 48%
- in 31 to 60 days: 10%
- in 61 days or more: 42%
Invoices due but not paid within agreed terms: 62 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
Each supplier is required to submit their invoices to the LONGSAND LIMITED Accounts Payable team in accordance with the instructions on the applicable purchase order. LONGSAND LIMITED reserves the right to withhold payment on any invoice until such time as Supplier submits the invoice in accordance with the agreed requirements.
The standard payment term is sixty (60) days from the receipt of a valid invoice. Some suppliers and supply categories, like essential services, will have payment terms negotiated in advance that will be different from the LONGSAND LIMITED standard payment term. It is LONGSAND LIMITED’ practice to issue payment for invoices that become due in the next payment run. If an invoice comes due after a payment run, payment will be issued in the next available payment run.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
If any invoice is disputed, LONGSAND LIMITED agrees to negotiate in good faith to resolve the dispute. Suppliers can contact the LONGSAND LIMITED Accounts Payable Department (the current contact details of which are mfapcrc@microfocus.com), or their LONGSAND LIMITED representative, in connection with disputed invoices, as well as for invoice status and any other payment related questions.
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