Company number: 03640941
and approved by Huw David James
Average time taken to pay invoices: 74 days
Invoices paid:
Invoices due but not paid within agreed terms: 31%
0 days
120 days
The company agrees payment terms with suppliers at the commencement of trading. Standard terms used are 30/60/90/120 days End of Month. Whilst other terms might be agreed by negotiation, the maximum term applied is 120 days EOM There were no changes in these standard terms in the reporting period
Answer not provided
N/A
120 days
The company agrees payment terms with suppliers at the commencement of trading. Some suppliers enforce their own terms and conditions.
N/A
The Company is committed to dealing with its suppliers in a fair, honest and professional manner. The initial point of contact for disputes is Accounts Payable team. To resolve a dispute, the supplier is required to provide any missing information or a corrected invoice. If the Accounts Payable team are unable to resolve the dispute, then the issue is escalated to a project manager/originator of the purchase order/purchasing who are then responsible for resolving the issue. For initial disputes or queries, suppliers can email https://aphelpdesk.meritor.com. The team will investigate any delays or issues in payment in order to resolve any queries as soon as possible.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No