DECIDEBLOOM LIMITED
Company number: 03003995
Reporting period:
1 November 2021 to 30 April 2022
Report filed on:
1 June 2022
Approved by:
NIGEL WOOD
Payment statistics
Average time taken to pay invoices: 42 days
Invoices paid:
- within 30 days: 47%
- in 31 to 60 days: 46%
- in 61 days or more: 8%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 31%
Payment terms
Shortest standard payment periods
2 days
Longest standard payment period
330 days
Standard payment terms
Decidebloom Ltd operates under 3 separate categories of terms: 1. Supplier terms typically 30 days 2. Our own terms which have been agreed with our suppliers whereby we pay on the last day of the month following invoice date. 3. Vehicle supplier terms varying between 2 days and 330 days depending on manufacturer.
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
330 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The only disputes would relates to general ledger invoices not received or not carrying the necessary order details. These would be resolved through monthly account reconciliations and contact with the supplier to ensure payment within agreed terms.
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