BARNETT WADDINGHAM LLP
Company number: OC307678
Reporting period:
1 June 2021
to 30 November 2021
This report was filed on 23 March 2023
and approved by Tony Broadhurst
Payment statistics
Average time taken to pay invoices: 54 days
Invoices paid:
- within 30 days: 37%
- in 31 to 60 days: 3%
- in 61 days or more: 60%
Invoices due but not paid within agreed terms: 63 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
30 days
Standard payment terms
We aim to pay all suppliers within 30 days (being our standard payment terms. Any invoices paid after this date will have been subject to a query with the supplier.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
Dispute resolution process
Disputes are handled by the supplier contact within the business who liaise with the finance department. If disputes escalate then these are taken on by the finance department and if necessary the finance committee
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