ANGLO AMERICAN SERVICES (UK) LTD.
Company number: 02295324
Reporting period:
1 January 2022 to 30 June 2022
Report filed on:
29 July 2022
Approved by:
Claire Murphy
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 52%
- in 31 to 60 days: 43%
- in 61 days or more: 5%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 32%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
60 days from receipt of invoice
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
60 days
60 days from receipt of invoice
Any other information about payment terms
Anglo American Services (UK) Ltd notes the percentage of payments made outside of the agreed payment period has deteriorated in H1. We will be taking action to understand how this has occurred and making sustained fixes. The company will continue to manage and monitor payment performance and pursue measures to implement payment efficiency across our business.
Dispute resolution process
In the event of a dispute between Anglo American Services (UK) Ltd and a supplier, the parties will discuss and resolve the dispute based on the specific circumstances and in accordance with the terms of the contract. This process will typically be managed by Supply Chain working closely with the end user and Finance.
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.
Yes, this business has signed up to: Prompt Payment Code
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