PREZZO TRADING LIMITED
Company number: 13150050
Reporting period:
3 January 2022 to 2 July 2022
Report filed on:
10 August 2022
Approved by:
Dean Challenger
Payment statistics
Average time taken to pay invoices: 22 days
Invoices paid:
- within 30 days: 65%
- in 31 to 60 days: 35%
- in 61 days or more: 0%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
60 days
Standard payment terms
Standard terms are 30 days from the end of the month of the date of the 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
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
All invoices queries are dealt with initially by the Accounts Payable team. All approved invoices are paid to terms. Where an invoice is not approved due to a query then the Accounts Payable team will ask the supplier to liaise directly with a member of the procurement team or the senior leader who holds the relationship with the supplier.
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.
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