PUMA UNITED KINGDOM LTD
Company number: 03712972
Reporting period:
1 January 2022 to 30 June 2022
Report filed on:
11 August 2022
Approved by:
Simon Venediger
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 54%
- in 31 to 60 days: 41%
- in 61 days or more: 5%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 29%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
Puma United Kingdom Ltd's standard payment terms vary depending on the type of supplier. Stock purchases terms vary between 30 to 60 days from the date of invoice. Non stock purchases vary between 7 to 60 days from the date of invoice. Puma United Kingdom Ltd process payments runs on a weekly basis. Although Puma endeavours to always pay invoices by their due date, on occasion this is not possible where the invoice is submitted late or there is a query over the quality or quantity of the goods and services provided.
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
The Accounts Payable team are the initial point of contact in case of any disputes. Accounts Payable can direct the supplier to the appropriate manager, who can resolve the dispute or negotiate a settlement. Once the dispute is resolved, Accounts Payable will process the invoice and payment will follow at the next payment run date.
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