NORTH OF ENGLAND ZOOLOGICAL SOCIETY (THE)
Company number: 00287902
Reporting period:
1 July 2022
to 31 December 2022
This report was filed on 16 January 2023
and approved by Elizabeth Carnie
Payment statistics
Average time taken to pay invoices: 44 days
Invoices paid:
- within 30 days: 12%
- in 31 to 60 days: 82%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 6 %
Payment terms
Shortest standard payment period
28 days
Longest standard payment period
62 days
Standard payment terms
SUPPLIERS ARE PAID ON A NET MONTHLY BASIS. THIS MEANS SUPPLIERS ARE PAID ON OR BEFORE THE LAST WORKING DAY OF THE MONTH FOLLOWING THE DATE OF A CORRECTLY RENDERED INVOICE.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
62 days
Any other information about payment terms
N/A
Dispute resolution process
The society aims to maintain strong partnerships with its suppliers, and so any disputes are generally resolved by discussion between the key representatives from both parties. However, if the dispute is unresolved the society reserves the right to appoint legal representation and if necessary to terminate the contract with immediate effect by giving written notice to the supplier.
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