SCOLMORE (INTERNATIONAL) LIMITED

Company number: 02513009

Reporting period:
1 November 2017 to 30 April 2018

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This report was filed on 3 September 2018

and approved by J G Rogers

Payment statistics

Average time taken to pay invoices: 56 days

Invoices paid:

• within 30 days: 29%
• in 31 to 60 days: 60%
• in 61 days or more: 11%

Invoices due but not paid within agreed terms: 40%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

60 days

Standard payment terms

This is in accordance with the standard terms offered by supplier. Generally I) at end of the month after the month in which the invoice is received. II) on a Thursday if no agreement for credit period III) 60 days from date of invoice where there is the supplier's standard term

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

60 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Dispute resolution depends on the type of disputes quantity/price differences. Disputes are resolved by the department the invoice relates i.e purchasing/accounts

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.

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