Company number: 06260373
and approved by Dean Marlow
Average time taken to pay invoices: 43 days
Invoices paid:
Invoices due but not paid within agreed terms: 38%
14 days
61 days
Extracts of our standard terms and conditions are shown below: Subcontractors - The final date for payment of each payment application shall be 30 days from the application date where payments are made monthly and no less than 15 days when the payments are made fortnightly. Suppliers - Payment shall be made 30 days following the end of the month in which the Product(s) were delivered.
Answer not provided
N/A
61 days
Where a contract does not fit into the contracts specified in the standard contracts box above, then we abide by the payment terms as set on the suppliers invoice. When these terms are not specified then they work on a net monthly basis.
With the exception of a mid-month subcontractor payment run, payment runs are once per month at the end of each month and therefore invoices will be paid on the first available payment run following approval of the payment. This may result in the payment of invoices being overdue by a few days.
In the event of a dispute over payment then this would be dealt within in line with our payment approval and authorisation policy. It would initially be dealt with by the responsible department then passed to our Group Procurement Manager and then our Internal General Counsel to find a resolution.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No