GOV.UK
COMMUNISIS PLC
Company number: 02916113
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 1 August 2018
and approved by Steve Rawlins
Payment statistics
Average time taken to pay invoices: 73 days
Invoices paid:
- within 30 days: 15%
- in 31 to 60 days: 27%
- in 61 days or more: 58%
Invoices due but not paid within agreed terms: 61 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
120 days
Standard payment terms
Communisis Plc, as standard, pays all its suppliers and distributors no later than the last day of the month following the month in which the relevant undisputed invoice is received by Communisis Plc i.e. between 31 and 61 days from receipt.
Variations to these standard payment terms are applied when negotiated and agreed by both parties.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
120 days
Any other information about payment terms
N/A
Dispute resolution process
If at any time a query, dispute or difference arises between Communisis Plc and its supplier, typically under supply agreements the parties are expected to escalate the dispute to senior representatives of the parties who will use reasonable endeavours to resolve the dispute in good faith and within an acceptable time period. For Communisis Plc, the senior representative would commonly be the relevant Category Manager, with further escalation points being the Head of / Director of the relevant functional area.
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.
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.
Yes
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