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ORANGE BUSINESS UK LIMITED

Company number: 02635954

Reporting period:
1 June 2022 to 31 December 2022

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

This report was filed on 31 January 2023

and approved by Kristiaan Van Den Eynde

Payment statistics

Invoices paid:

  • within 30 days: 89%
  • in 61 days or more: 11%

Invoices due but not paid within agreed terms: 11%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

90 days

Standard payment terms

Payment Terms. Any undisputed amount due to Supplier by Purchaser under any Order placed under this Agreement shall be paid within sixty (60) Business Days (or the maximum period permitted by applicable law, if shorter) from date of the corresponding invoice.

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

90 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Applicable Procedure to Disputed Amount. If Purchaser, in good faith, disputes any Charge, invoice or amount due under this Agreement (the “Disputed Amount”), Purchaser shall notify Supplier of such dispute. Purchaser may withhold any Disputed Amount in good faith and Purchaser shall not be deemed to be in breach of its payment obligations under this Agreement (withheld payment shall not be subject to late charges). The Parties will discuss the dispute in order to solve the issue. In the event the dispute is not solved within sixty (60) Business Days at the operational level between the relevant Parties, then the matter shall be escalated to the senior management (i.e. Vice President or equivalent) within each Party’s organization for resolution. If the dispute is still not solved thereafter, either Party may further escalate the dispute according to the provisions of Clause xx (Governing Law and Jurisdiction). Clause xx contains agreed ADR (standard being ICC Rules binding arbitration) or court.

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