TENPIN LIMITED
Company number: 04789703
Reporting period:
27 June 2022
to 1 January 2023
This report was filed on 30 March 2023
and approved by Antony Smith
Payment statistics
Average time taken to pay invoices: 33 days
Invoices paid:
- within 30 days: 58%
- in 31 to 60 days: 38%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 26 %
Payment terms
Shortest standard payment period
14 days
Longest standard payment period
60 days
Standard payment terms
30 days
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Payment due at the end of the following month
Any other information about payment terms
N/A
Dispute resolution process
All payment disputes are dealt with by the purchase ledger department by contacting purchase.ledger@tenpin.co.uk. All queries are managed in accordance with our internal processes, as quickly as possible and are escalated where necessary. Proof of Delivery (POD) is requested in all instances to support payment of invoices that don’t match goods received notes.
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.
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