Company number: 03299599
and approved by Stefano Sutter
Average time taken to pay invoices: 88 days
Invoices paid:
Invoices due but not paid within agreed terms: 0%
30 days
120 days
most of our volume and value of trade payables is inter-company purchases of finished product that have 90 days payment terms, therefore we pay the majority of payables within the 60 days onwards bracket
Answer not provided
N/A
120 days
on some capital expenditure from foreign suppliers, there are payment terms in excess of 120 days where a project is completed we have retention payments etc, that seem to obscure the payment terms
N/A
Our Finance department - Accounts Payable function manages the administration and processing of supplier invoices. All communications and relationships are channelled through the department and escalated to Finance Manager if unresolved at this level. There is a separate customer services department and other corporate structures in place if any query is not satisfactorily resolved.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No