ENDURANCE BUSINESS SERVICES LIMITED
Company number: 06279652
Reporting period:
1 January 2022 to 30 June 2022
Report filed on:
22 July 2022
Approved by:
Adam Golding
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 72%
- in 31 to 60 days: 18%
- in 61 days or more: 10%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 28%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
30 days
Standard payment terms
In most cases payment are determined by the supplier, and in all cases the Company seeks to make payments in accordance with these terms. For all types of qualifying contracts the most frequently used payment period is 30 days. In the absence of supplier payment terms, the Company aims to settle invoices within 30 days or less of receipt of a correct, undisputed and properly due VAT 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
30 days
n/a
Any other information about payment terms
n/a
Dispute resolution process
The Company is committed to resolving disputes in a fair and timely manner. Disputes are resolved by discussion and agreement with the supplier and are typically managed by Accounts Payable, with support from senior managers where necessary.
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