Published reports

PETERSON (UNITED KINGDOM) LIMITED

Company number: 03311077

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 January 2018 to 30 June 2018

Report filed on:

31 July 2018

Approved by:

Jim McSporran

Payment statistics

Average time taken to pay invoices: 52 days

Invoices paid:

  • within 30 days: 15%
  • in 31 to 60 days: 46%
  • in 61 days or more: 39%

Late and disputed:

  • payments due in the reporting period which have not been paid within the agreed period: 74%

Payment terms

Shortest standard payment periods

14 days

Longest standard payment period

45 days

Standard payment terms

We are 45days from receipt of invoice.

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

45 days

No further comment provided

Any other information about payment terms

We have several Payment terms but 45 Days is our standard. We buy fuel on bulk and these are set up at 14day terms. Also have some random other suppliers on 30day Terms We have based this data on our suppliers on Std 45 day terms only. Should we be doing otherwise?

Dispute resolution process

We have an ERP system with Procurement module, should the invoice not match the PO, then it is rejected back to the originating manager for him to question with supplier.

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