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Company number: NI026039

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 14 September 2018

and approved by Serhiy Zuyev

Payment statistics

Average time taken to pay invoices: 30 days

Invoices paid:

Invoices due but not paid within agreed terms: 20 %

Payment terms

Shortest standard payment period

1 days

Longest standard payment period

60 days

Standard payment terms

Typically standard payment terms are agreed with suppliers are 30 days. Sometimes it happen to pay urgent in order to support business critical activity.

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


Maximum contractual payment period agreed

60 days

It depends on the particular contract and the terms that were agreed. Practice is to have payment terms at least 30 days, but it happen to be agreed less as there are some critical suppliers for the business.

Any other information about payment terms


Dispute resolution process

As we have internal procedures and checks every dispute is followed by the necessary tracking of our internal processes and reasons. If the mistake is in our plate we try to find a way to avoid it in future. If the mistake is in supplier, he has to correct himself. There
is intensive communication with all involved parties through the whole process.

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?