Company number: 01926842
and approved by Neil Hargeaves
Average time taken to pay invoices: 47 days
Invoices paid:
Invoices due but not paid within agreed terms: 69%
0 days
Answer not provided
30 days end of month following invoice date, 30 days from date of invoice and 45 days from date of invoice are the most commonly used terms.
Answer not provided
N/A
60 days
No further comment provided
All information provided is based upon invoice dates and payment dates within our ledgers and has not been adjusted for any delays as a consequence of non-receipt/late receipt of invoices, vendor disputes or invoice queries.
Disputes are co-ordiated through the Accounts Payable department, using SAP workflow management software. Invoices with no PO will be rejected back to the vendor. All disputes are sent to the appropriate internal department (and/or Purchasing), depending upon the nature of the query/dispute, Once the dispute has been resovled, AP will be notified and the invoice will be processed (with any corresponding credit notes if applicable) and then paid 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.
Yes
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