GOV.UK
TUSKERDIRECT LIMITED
Company number: 03864648
Reporting period:
1 January 2018
to 30 June 2018
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 5 September 2018
and approved by Laura Alexander
Payment statistics
Average time taken to pay invoices: 21 days
Invoices paid:
- within 30 days: 70%
- in 31 to 60 days: 26%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 37 %
Payment terms
Shortest standard payment period
15 days
Longest standard payment period
30 days
Standard payment terms
The standard payment terms are 15 days for the majority of our suppliers.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
We have short payment terms with the majority of our suppliers and are irregular in their billing, these are only fallen outside of due to the timing of payment runs in the month or queries.
Dispute resolution process
We have an Accounts Payable function who reconcile the supplier accounts,actively resolve queries and arrange payment of invoices due
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