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DECORA BLIND SYSTEMS LIMITED

Company number: NI014427

Reporting period:
1 January 2018 to 30 June 2018

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

This report was filed on 1 August 2018

and approved by Mr Jonathan McCluggage

Payment statistics

Average time taken to pay invoices: 29 days

Invoices paid:

• within 30 days: 49%
• in 31 to 60 days: 44%
• in 61 days or more: 7%

Invoices due but not paid within agreed terms: 48 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

60 days

Standard payment terms

We have a range of payment terms.

See list below for No of days / narrative description of payment terms

0 / Due Immediately
100 / 100% before shipping
14 DAYS / Due 14 Days after invoice date
15 / 15 days after shipping date
20 / 20 days after shipping
30 / Due 30 Days after invoice date
30 BL / Due 30 Days after BL
40 / Due 40 days after invoice date
45 / 45 days after shipping date
60 / Due 60 Days after invoice date
60 /BL Due 60 Days after BL
7 / Due at end of following week
7 DAYS / 7 days after ETA
BEFORE ETA / 100% Before ETA
CM / Due at End of Month
CM+21 / Due end of Current Month + 21 Days
DEPOSIT 5 / 30% deposit, 70% on BL
DEPOSIT 8 / 30% Deposit. 70% 21 days B/L date
SHIPPING / 100% on shipping

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

N/A

Dispute resolution process

Any invoices that are queried are resolved by contacting the Accounts / Purchasing Departments

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

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