GOV.UK
L.ROWLAND & COMPANY (RETAIL) LIMITED
Company number: 02288928
Reporting period:
1 February 2018
to 31 July 2018
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 30 August 2018
and approved by Kevin Robert Hudson
Payment statistics
Average time taken to pay invoices: 44 days
Invoices paid:
- within 30 days: 7%
- in 31 to 60 days: 93%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 2 %
Payment terms
Shortest standard payment period
10 days
Longest standard payment period
90 days
Standard payment terms
Standard contractual terms for goods and services is end of following month. Depending on the category, higher or lower standard payment terms may also be employed in line with industry standards for those areas.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
Dispute resolution process
Dispute or complaints should be communicated to L Rowland & Co (Retail) Limited reconciliation clerk in the first instance and can be escalated to the purchase ledger supervisor or Finance Manager. Any response should be expected within 3 working days.
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