3I PLC

Company number: 00397156

Reporting period:
1 April 2022 to 30 September 2022

---

This report was filed on 27 October 2022

and approved by Jasi Halai

Payment statistics

Average time taken to pay invoices: 13 days

Invoices paid:

• within 30 days: 98%
• in 31 to 60 days: 2%

Invoices due but not paid within agreed terms: 7%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

Answer not provided

Standard payment terms

3i plc has standard payment terms of 30 days from receipt of an invoice although invoices are paid earlier if appropriate.

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

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

30 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

In the event of any disputes with suppliers, this would normally be dealt with by the supplier’s relevant 3i business contact. Alternatively, suppliers can contact 3i’s accounts payable team at UKQueries@3i.com, who will ensure this is resolved by the appropriate person.

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.

Yes, this business has signed up to: Prompt Payment Code

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