DSL FLOORING LIMITED
Company number: 12027312
Reporting period:
1 January 2022 to 30 June 2022
Report filed on:
17 November 2022
Approved by:
Chris Comens
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 63%
- in 31 to 60 days: 36%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 20%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
Local overhead and labour related invoices ten to be paid within 7 days.
Service overheads tend to be paid within 30 days.
Our main product related invoices are paid on standard terms 20 Days following End of Month of the invoice.
Where this 20th of the following month day falls on a weekend, a number of invoices are paid one day later on the 21st, resulting in the 20% "late" statistic, but these are agreed with suppliers due to the working days of the banks.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
There is only one account on the maximum 90 day terms due to the suppliers own general terms. We have only had 4 invoices from this supplier during the period and each was paid within 21 days or sooner.
Any other information about payment terms
No further comment provided
Dispute resolution process
Where there are disputes on invoices, the supplier is contacted in liaison with the departmental head who raised the purchase order to resolve the issue, whether that be price, service or quantity of goods resolved.
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 Fair 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