Published reports

FUERST DAY LAWSON LIMITED

Company number: 00607374

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 January 2018 to 30 June 2018

Report filed on:

6 September 2018

Approved by:

Mac Mardi

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Payment statistics

Average time taken to pay invoices: 26 days

Invoices paid:

• within 30 days: 68%
• in 31 to 60 days: 28%
• in 61 days or more: 4%

Late and disputed:

• payments due in the reporting period which have not been paid within the agreed period: 26%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

90 days

Standard payment terms

Currently our most standard term is 30 Days from Invoice or 30 days from Receipt of Goods.

Were there any changes to the standard payment terms in the reporting period?

No

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

90 days

None

Any other information about payment terms

None

Dispute resolution process

Invoices that differ from the agreed PO or Contract agreements are instantly forwarded to our Purchasing Department and QC in case of quality issues. The invoices are then held until resolved. Once resolved the held invoices are then passed for payment.

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 Fair 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