STAPLES UK LIMITED

Company number: 02535286

Reporting period:
4 February 2018 to 3 August 2018

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This report was filed on 29 August 2018

and approved by Steve Mayes

Payment statistics

Average time taken to pay invoices: 56 days

Invoices paid:

• within 30 days: 16%
• in 31 to 60 days: 47%
• in 61 days or more: 37%

Invoices due but not paid within agreed terms: 81%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

95 days

Standard payment terms

We do not have standard payment terms. Payment terms are part of the commercial negotiation and are individually agreed with our suppliers.

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

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

95 days

No further comment provided

Any other information about payment terms

We operate a weekly payment run. This can add additional days to the payment cycle depending on the day of the week the payment falls due.

Dispute resolution process

Staples UK Ltd actively seeks to resolve disputes through open communication between the supplier, Accounts Payable and relevant departments within the business. This involves proactive email and/or phone communication with 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, 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.

Yes

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