CARPETRIGHT PLC
Company number: 02294875
Reporting period:
30 April 2017 to 28 October 2017
Report filed on:
22 February 2018
Approved by:
Neil Page
Payment statistics
Average time taken to pay invoices: 51 days
Invoices paid:
- within 30 days: 41%
- in 31 to 60 days: 9%
- in 61 days or more: 50%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 52%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
120 days
Standard payment terms
Carpetright Plc does not have standard payment terms but is cognisant of terms defined in individual contracts with suppliers, which may vary. Our standard policy is to initiate payments at the end of the month (EOM) following the month of receipt of the invoice, unless otherwise dictated by the contract. The most common payment terms of invoices paid during the reporting period were 21 days net, 30 days EOM, 60 days EOM, and 90 days EOM.
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
120 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Details of the companies dispute resolution process is set out on our corporate website, link as follows: http://www.carpetright.plc.uk/governance/payment-performance-reporting-dispute-resolution/
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