DUNLOP OIL & MARINE LIMITED
Company number: 03471656
Reporting period:
1 January 2022 to 30 June 2022
Report filed on:
21 July 2022
Approved by:
Peter Krofchak
Payment statistics
Average time taken to pay invoices: 49 days
Invoices paid:
- within 30 days: 19%
- in 31 to 60 days: 44%
- in 61 days or more: 37%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 12%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
90 days
Standard payment terms
65 days end of month
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
121 days
Maximum contractual payment terms of 90 days end of month
Any other information about payment terms
n/a
Dispute resolution process
Payment terms are agreed with a new supplier during the supplier appraisal process. Any subsequent dispute and / or complaint regarding payment terms is dealt with by the buying department upon receipt of a dispute / complaint. Disputes / complaints regarding a particular invoice are dealt with by the purchase ledger team.
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