DIESEL (LONDON) LIMITED
Company number: 03005257
1 July 2022
to 31 December 2022
This report was filed on 27 January 2023
and approved by Cristian Collavo
Average time taken to pay invoices: 98 days
- within 30 days: 1%
- in 31 to 60 days: 8%
- in 61 days or more: 90%
Invoices due but not paid within agreed terms: 17 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
Standard payment terms is to request a minimum payment period of 30 days from trade suppliers, however if the supplier does not agree to those terms, we can arrange for alternative payment terms. Payment of each invoice is due to be made in accordance with the terms either by BACS transfer or if agreed with the supplier direct debit. Intercompany invoices have 90 days terms.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
Suppliers will contact the accounts payable department via telephone or email. All matters are dealt with by the accounts payable department on a case by case basis, and where it is agreed that a supplier payment needs to be expedited a mutually acceptable approach to doing so will be agreed. We are fortunate to have good relationships with our suppliers.
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.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?