FOCUSRITE AUDIO ENGINEERING LIMITED
Company number: 02357989
Reporting period:
1 September 2022 to
28 February 2023
This report was filed on 31 March 2023
and approved by Chiao Li Peng
Payment statistics
Average time taken to pay invoices: 50 days
Invoices paid:
- within 30 days: 43%
- in 31 to 60 days: 37%
- in 61 days or more: 20%
Invoices due but not paid within agreed terms: 65%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
60 Days inventory, and 30 days for other services.
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
60 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Every effort is made to resolve all payment related disputes and queries quickly. The supplier is immediately contacted by email or phone and the query is resolved.
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.
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