Published reports

DCS GROUP (UK) LIMITED

Company number: 02580758

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

Reporting period:

1 January 2022 to 30 June 2022

Report filed on:

28 July 2022

Approved by:

Johnathan Berry

Payment statistics

Average time taken to pay invoices: 27 days

Invoices paid:

  • within 30 days: 76%
  • in 31 to 60 days: 21%
  • in 61 days or more: 2%

Late and disputed:

  • total value of payments due in the reporting period which have not been paid within the agreed period: £0
  • payments due in the reporting period which have not been paid within the agreed period: 9%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

90 days

Standard payment terms

DCS Group (UK) Ltd have different agreed payment terms with each Supplier, of which the most frequently used is 30 days from invoice date. Maximum contract payment terms is 90 days. All terms have been agreed with our suppliers.

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

90 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

Any invoice disputes are raised immediately with the relevant supplier and key contact at DCS Group (UK) Ltd.

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.

Yes

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