Company number: SC390210
and approved by Sam Vohra
Average time taken to pay invoices: 39 days
Invoices paid:
Invoices due but not paid within agreed terms: 42%
7 days
91 days
Everwarm Ltd agrees payment terms with suppliers and sub-contractors as part of contract negotiations. Payment terms vary from a lower range of 7 days, to 60 days from end of month (i.e up to a maximum of 91 days as noted above ). Our initial standard terms are 30 days end of month.
Answer not provided
N/A
91 days
The statistical information provided includes payments to both purchase ledger and sub-contract suppliers. Subcontractors are paid either weekly, fortnightly or monthly for the valuation of work performed - the valuation stipulated in the subcontractor's " application for payment " is subject to approval from our team of quantity surveyors.
Everwarm is committed to fair dealing with all of it's supply chain members. Payment delays can occur in circumstances where agreement of payment from the end customer is delayed due to issues of rectification or validation of work performed by the supply chain. In those circumstances where we have delayed payments we pay our supply chain partners as soon as is reasonably practical thereafter.
Everwarm actively seeks to resolve disputes by discussing them with the relevant suppliers or subcontractors, involving our accounts payable team as the first point of contact. The process may then involve commercial teams or senior management. Where it is not possible to reach agreement a number of dispute resolution methods such as mediation, adjudication, litigation and /or arbitration may be used.
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