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COOPLAND & SON (SCARBOROUGH) LIMITED

Company number: 00465947

Reporting period:
1 April 2022 to 30 September 2022

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This information is as reported by the business, and responses are in their own words.

This report was filed on 23 November 2022

and approved by Chris Burford

Payment statistics

Average time taken to pay invoices: 48 days

Invoices paid:

• within 30 days: 19%
• in 31 to 60 days: 62%
• in 61 days or more: 19%

Invoices due but not paid within agreed terms: 19 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

60 days

Standard payment terms

Our standard payment terms are 60 days. This is also our maximum and shortest standard payment period. There has been no variation to this during the reporting period.
Cooplands request that all invoices are emailed to uk.invoices.cooplands@eurogarages.com. We ask that suppliers only send invoices once to avoid the risk of duplication on our purchase ledger, which can result in delayed payments.
Payments are made by bacs, and we ask all new suppliers to submit bank details to facilitate these payments.

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

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

N/A

Dispute resolution process

Any disputes over payments are first raised with our purchase ledger team at the head office in Blackburn. This can be by phone on either 01254 582111 or 01254 924143, or by email to uk.invoices.cooplands@eurogarages.com.
This is then investigated by the accounts team, who will contact the buyer in Cooplands if there is a query on the invoice. Any queries relating to the goods or services will then be dealt with by the buyer, before either authorising the invoice for payment, or contacting the supplier to resolve the reasons why the invoice has not been authorised for payment.

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