ALPHA LSG LIMITED

Company number: 08005515

Reporting period:
1 January 2018 to 30 June 2018

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

This report was filed on 2 August 2018

and approved by Carlo Possa

Payment statistics

Average time taken to pay invoices: 51 days

Invoices paid:

within 30 days: 11%
in 31 to 60 days: 69%
in 61 days or more: 20%

Invoices due but not paid within agreed terms: 74%

Payment terms

Shortest standard payment periods

60 days

Longest standard payment period

Answer not provided

Standard payment terms

Only standard payment term is 45 from end of month of invoice. The longest payment term here is 75 days if a purchase is made on the 1st of a calendar month and the shortest payment term is 45 days if a purchase is made on the 30th of a month. An average of 60 is achieved by adding 75 + 45 and dividing by 2.

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

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

None

Any other information about payment terms

Dispute resolution process

During the reporting time frame. all vendor disputes were managed centrally with the accounts payable department within Central Finance. Within the department, individual vendors are allocated a vendor management clerk who will have responsibility for a section of the alphabet. Upon request vendors are provided with details of their prevailing queries by their vendor management clerk. Where relevant the vendor management clerk will act as a conduit for the vendor liaising with relevant areas of the business to address prevailing queries.

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, 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.

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.

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?

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