PMS INTERNATIONAL GROUP PLC
Company number: 01439694
Reporting period:
28 November 2021 to 31 May 2022
Report filed on:
1 June 2022
Approved by:
David Topple
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 33%
- in 31 to 60 days: 60%
- in 61 days or more: 7%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 83%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
120 days
Standard payment terms
We do not operate standard payment terms. The majority of 'expense' supplier terms are 30 days, whilst 'stock' supplier terms are agreed by individual negotiation.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
120 days
No further comment provided
Any other information about payment terms
UK suppliers are paid via a weekly BACS payment run, the timing of which can lead to some suppliers being paid a few days late. The vast majority of suppliers are paid within one week of the due date.
Dispute resolution process
Payment disputes can be referred to accounts payable (jfowler@pmsinternational.com) who will liaise internally with the relevant personnel to help resolve any issues.
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 Fair 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