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ORANGEBOX LIMITED

Company number: 03406086

Reporting period:
1 September 2022 to 28 February 2023

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

This report was filed on 15 March 2023

and approved by Jeff Deeprose

Payment statistics

Average time taken to pay invoices: 47 days

Invoices paid:

• within 30 days: 23%
• in 31 to 60 days: 46%
• in 61 days or more: 31%

Invoices due but not paid within agreed terms: 54 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

90 days

Standard payment terms

In regards to the 90 days longest standard payment period, this comes from 60 days EOM terms in which the longest possible payment is on the 90th day.

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

No

Maximum contractual payment period agreed

90 days

Any other information about payment terms

N/A

Dispute resolution process

Disputes can arise from purchase price not matching invoice or delivery note not matching invoice. This is resolved via contacting the relevant supplier either directly or through our purchasing department, to issue a credit note or confirm price increases. This usually takes 1-14 days to resolve. Then the invoice is either approved for payment at the normal due date or allocated against an invoice. The invoice is either matched against a credit note fully or partly, if the invoice is partly matched the balance will be paid when the invoice is due 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 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