AMBER TAVERNS LIMITED
Company number: 05335601
Reporting period:
5 February 2018 to
4 August 2018
This report was filed on 4 September 2018
and approved by Joanne Jones
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 40%
- in 31 to 60 days: 57%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 1%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
45 days
Standard payment terms
Payments made in accordance with suppliers contracts typically 7, 14 or 30 days or variable collected on specified dates post end of month. Local goods/services suppliers 7 days, larger corporates to their terms or 30 days
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
59 days
Example main contract paid 28th month following invoice date could be between 30-59 days
Any other information about payment terms
N/A
Dispute resolution process
Queries are raised in accordance with the suppliers policy and advised as soon as possible by the finance team. Disputes would be referred to the organiser of the contract for goods/services for resolution. If none possible legal advice would be sought.
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.
Yes
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