ALPHA LSG LIMITED
Company number: 08005515
Reporting period:
1 January 2018 to
30 June 2018
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
No
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.
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.
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