DUNE GROUP LIMITED
Company number: 02127866
Reporting period:
31 July 2022 to 28 January 2023
Report filed on:
18 April 2023
Approved by:
Alice Arnold
Payment statistics
Average time taken to pay invoices: 36 days
Invoices paid:
- within 30 days: 60%
- in 31 to 60 days: 27%
- in 61 days or more: 13%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 41%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
120 days
Standard payment terms
Standard payment terms are 30 days end of month for overhead suppliers and 60 days end of month for stock suppliers. Typically payments can be delayed if 1) invoices are submitted late, 2) stock is late, 3) there are quality or quantity issues, 4) there is a dispute. However during this reporting period there have also been payment delays caused by freight disruptions
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
120 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Disputes should be raised with accountspayable@thedunegroup.com who liaise with the relevant department to solve the query as soon as possible. The Accounts Payable team's aim is to resolve all disputes within 5 working days. Once resolved the supplier is paid on the next payment run, or in accordance with their payment terms. Complaints can be escalated to the Finance Manager responsible for Accounts Payable or the Finance Director
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 Fair 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