BATHSTORE.COM LIMITED
Company number: 02240475
Reporting period:
1 February 2018 to 31 July 2018
Report filed on:
30 August 2018
Approved by:
Ian Herrett
Payment statistics
Average time taken to pay invoices: 62 days
Invoices paid:
- within 30 days: 42%
- in 31 to 60 days: 8%
- in 61 days or more: 50%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 5%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
120 days
Standard payment terms
The following terms are in place a) 5 suppliers with 90 days b) Installers - small businesses are 14 days c) 60 day terms for various suppliers d) Nett Monthly and 2 Nett Monthly, other suppliers who we pay immediate payments and the Far East suppliers vary depending on the terms being on goods landed, on bill of lading
Were there any changes to the standard payment terms in the reporting period?
Changed one supplier from 120 days to 90 days
Were suppliers notified or consulted about these changes before they were made?
Communication between buyers and salesperson of the supplier
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Dispute and claims are resolved on a mutual agreement basis with view to resolving them as quickly as possible. Stock suppliers issue credit notes where agreed and Installers (Sub-Contractors) a credit is raised on their account for any remedial work to be carried out by another installer due to poor workmanship. Again these are agreed prior to being raised.
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