DISTELL INTERNATIONAL LIMITED
Company number: SC109881
Reporting period:
1 July 2017 to 31 December 2017
Report filed on:
7 February 2018
Approved by:
Werner Nolte
Payment statistics
Average time taken to pay invoices: 58 days
Invoices paid:
- within 30 days: 15%
- in 31 to 60 days: 50%
- in 61 days or more: 35%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 85%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
90 days
Standard payment terms
No standard payment terms. Terms are agreed with individual suppliers.
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
No further comment provided
Any other information about payment terms
The six month period under review coincides with the company's implementation of a new SAP ERP system. This has resulted in some business challenges which have caused some delays in processing invoices and therefore payments to suppliers. As the implementation progresses it is anticipated that processing times will improve resulting in fewer delays and a higher proportion of payments being made in accordance with agreed terms. Given the timing of this ERP implementation, the payment practices reported in this document are therefore not completely reflective of the company's past or current payment practices.
Dispute resolution process
All queries should be directed to Accounts Payable via email.
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