LIME PICTURES LIMITED
Company number: 03068324
Reporting period:
1 January 2022 to
30 June 2022
This report was filed on 28 July 2022
and approved by Angela McMullen
Payment statistics
Average time taken to pay invoices: 21 days
Invoices paid:
- within 30 days: 74%
- in 31 to 60 days: 18%
- in 61 days or more: 8%
Invoices due but not paid within agreed terms: 44%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
30 days
Standard payment terms
The most common standard term for suppliers remains at 30 days. As reported, certain production suppliers have signed up to self-billing agreements whereby payments are made on the same day as the invoice date; with payments made at agreed regular intervals.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
None
Any other information about payment terms
None
Dispute resolution process
Disputes can be raised by contacting our accounts payable department. Every effort is made to resolve all payment related queries and disputes quickly. We regularly review supplier statements and contact suppliers regarding invoices which we have not received.
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 Prompt 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