OWEN MUMFORD LIMITED
Company number: 01257871
Reporting period:
1 April 2022 to
30 September 2022
This report was filed on 31 October 2022
and approved by Gavin Jones
Payment statistics
Average time taken to pay invoices: 46 days
Invoices paid:
- within 30 days: 33%
- in 31 to 60 days: 48%
- in 61 days or more: 19%
Invoices due but not paid within agreed terms: 17%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
Standard payment terms are 90 days from date of invoice although terms may vary on the type of supplier and nature of contract.
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
90 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
The main points of contact for disputes in relation to supplier contracts are the central Accounts Payable and Strategic Purchasing teams. These teams will investigate all disputes and will liaise with the appropriate personnel within Owen Mumford to resolve matters in a timely manner.
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, this business has not signed up to a code of conduct or standards on payment practices.
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