Company number: 02022858
and approved by Charlotte Crisp
Average time taken to pay invoices: 39 days
Invoices paid:
Invoices due but not paid within agreed terms: 63%
0 days
90 days
Standard contractual terms for the majority of foreign goods is 60 days. For UK goods and services it is 30 days. The maximum contractual period is 90 days.
Answer not provided
N/A
90 days
No further comment provided
Our payment process dictates that payment of invoices on end of month terms is made in the first week of the following month. We are pleased to report that over 65% of our purchase invoices are paid within 10 calendar days of the due date. The payment terms for direct debit accounts on our ledger are stored as 0 days from document date, so by default are reported as being paid late. This would account for c. 5% of late payments
The main point of contact for disputes is accounts payable at Carlisle Brass. When an invoice is disputed, the supplier will be contacted by either accounts payable for non-stock items or directly by the supply chain member who is assigned to their account for stock items. They will indicate the invoice number and reason for rejection. To resolve a dispute, the supplier is required to provide any missing information or a corrected invoice. Carlisle Brass follow a no PO no pay policy. The PO number is logged on a spreadsheet and should be quoted on every invoice.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No