GOV.UK
TELENT TECHNOLOGY SERVICES LIMITED
Company number: 00703317
Reporting period:
1 April 2022
to 30 September 2022
This report was filed on 27 October 2022
and approved by John Kimpton
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 71%
- in 31 to 60 days: 19%
- in 61 days or more: 10%
Invoices due but not paid within agreed terms: 31 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
185 days
Standard payment terms
Telent Technology Services Limited does not have standard payment terms, these are set in negotiation with our suppliers.
Within our Infrastructure Services business unit, payment terms range from 0 to 30 days for subcontractors, reflecting their size and the nature of the work carried out. These subcontractor payments make up circa 62% of the overall supplier payments made by the Company.
The remainder of payments are made to suppliers with payment terms normally ranging from immediate to 90 days, with the exception of one supplier who has payment terms of 185 days applied to eight invoices, paid in the period.
Were there any changes to the standard payment terms in the reporting period?
Yes – The only payment term changes within the reporting period relate to a small number of changes to payment terms for certain suppliers, negotiated specifically with those suppliers.
Were suppliers notified or consulted about these changes before they were made?
Yes – All changes were communicated with the supplier before being made.
Maximum contractual payment period agreed
185 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Telent Technology Services Limited is committed to resolving any disputes with suppliers as part of the following process:
- Mediation between the Account and Project managers with the supplier, to understand the nature of the dispute with view to proposing required solution,
- Commercial and Procurement teams are consulted and/ or involved as required, and
- If no resolution is achieved then senior management is consulted to explore any further solutions.
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