SEQIRUS UK LIMITED
Company number: 09614642
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 9 August 2018
and approved by Kian Meng Lim
Payment statistics
Average time taken to pay invoices: 51 days
Invoices paid:
- within 30 days: 41%
- in 31 to 60 days: 22%
- in 61 days or more: 37%
Invoices due but not paid within agreed terms: 59 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Standard contractual terms for goods and services is 30 days
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
Dispute resolution process
All queries are addressed via the Seqirus UK Accounts Payable team in the Seqirus Global Financial Shared Service Centre in Liverpool. Queries are addressed when raised by suppliers by one of the two accounts payable clerks responsible for Seqirus UK. Any invoices not quoting a purchase order, or if there are any price/quantity issues are sent back to the supplier with a covering letter to resolve with the relevant person in the business. If there are any other ad-hoc queries, these are dealt with over the phone or by email by the accounts payable team.
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