BUCHER MUNICIPAL LIMITED
Company number: 00199841
1 January 2022
to 30 June 2022
This report was filed on 10 August 2022
and approved by Nigel Brunning
Average time taken to pay invoices: 71 days
- within 30 days: 10%
- in 31 to 60 days: 36%
- in 61 days or more: 54%
Invoices due but not paid within agreed terms: 82 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
Standard payment terms are 60 days from month end. Payments are made twice monthly on the 1st and 10th of each month. Invoices due on the last day of the month are paid on the next available working day, these invoices are shown as 'not paid within terms' in this report.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
We request 90 days for large supplier contracts of regular purchases for production.
Any other information about payment terms
Dispute resolution process
A dedicated accounts payable email account is provided for invoice and statement submission and other resolution of queries. Discrepancies such as pricing or quantity differences are resolved by the designated buyer within our purchasing department. We aim to work together with suppliers to resolve any disputes to the satisfaction of both parties and seek to develop long standing business relationships based on mutual trust.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?