BETA This is a new service – your feedback will help us to improve it.

TESCO MOBILE LIMITED

Company number: 04780736

Reporting period:
1 January 2018 to 30 June 2018

---

This information is as reported by the business, and responses are in their own words.

This report was filed on 7 August 2018

and approved by Roger Keenan

Payment statistics

Average time taken to pay invoices: 38 days

Invoices paid:

• within 30 days: 21%
• in 31 to 60 days: 73%
• in 61 days or more: 6%

Invoices due but not paid within agreed terms: 19 %

Payment terms

Standard payment period for qualifying contracts

60 days

Standard payment terms

Tesco Mobile Limited operate standard payment terms of 60 days, these terms can vary by individual supplier as required. As a result Tesco Mobile Limited have agreed payment terms with suppliers in the range of 10 days to 90 days, the most common payment term is 30 days.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

90 days

Less than 1% of the Tesco Mobile Limited supplier base have standard terms in excess of 60 days.

Any other information about payment terms

N/A

Dispute resolution process

In the event of an invoice dispute or query, suppliers are advised to contact the dedicated accounts payable team via tescomobileapqueries@o2.com who will aim to resolve all disputes in a fair and timely manner.

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

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