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BLACK SWAN INTERNATIONAL LIMITED

Company number: 02621410

Reporting period:
1 June 2022 to 30 November 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 6 December 2022

and approved by Brett Burton

Payment statistics

Average time taken to pay invoices: 21 days

Invoices paid:

• within 30 days: 87%
• in 31 to 60 days: 13%
• in 61 days or more: 0%

Invoices due but not paid within agreed terms: 0 %

Payment terms

Shortest standard payment period

1 days

Longest standard payment period

45 days

Standard payment terms

15 days following the end of the month

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

No

Maximum contractual payment period agreed

45 days

A few suppliers are paid immediately. Entertainers are paid on the 15th of the month. Major suppliers have agreed 30 to 60 day terms. Majority of suppliers are paid on the 15th of the following month.

Any other information about payment terms

N/A

Dispute resolution process

If we are chased for an overdue invoice, the Head of Finance will investigate and if the invoice is missing, it is processed immediately. We advise suppliers that the invoice run is processed on the 15th of the month. If they are not happy to wait we can agree to pay sooner.

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