Company number: 00488466
and approved by Katherine Alderton
Average time taken to pay invoices: 14 days
Invoices paid:
Invoices due but not paid within agreed terms: 12%
1 days
90 days
Suppliers of goods and services are offered 30 day payment terms and their invoices included in a weekly payment run as they fall due. These terms do vary on occasion based on individual agreements with suppliers. Standard terms of royalty payments are 90 days post the relevant exploitation period in order to allow for aggregation of sales data, receipt of payments to customers and calculation of royalties.
Answer not provided
N/A
90 days
Shorter payment terms are available for sole traders, consultants and small businesses to be agreed during the contract negotiation period.
N/A
Payment disputes are initially reported to Accounts Payable where a member of the team will investigate the dispute with the account relationship holder. When required, the dispute will be escalated to the Accounts Payable Manager & Financial Controller. Once resolved the supplier will be paid in accordance with its payment terms or if the invoice is past its due date then on the next payment run.
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