TAZIKER INDUSTRIAL LIMITED
Company number: 02766990
1 October 2022
to 31 March 2023
This report was filed on 30 April 2023
and approved by Steve Corcoran
Average time taken to pay invoices: 53 days
- within 30 days: 21%
- in 31 to 60 days: 42%
- in 61 days or more: 37%
Invoices due but not paid within agreed terms: 74 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
Payment terms are agreed with suppliers as part of contract negotiations. The most frequently used payment terms are 30 days from end of month.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Two suppliers have provided payment terms of 90 days
Any other information about payment terms
Dispute resolution process
We aim to validate all invoices in a timely manner with any discrepancies or queries being referred to the supplier or subcontractor for resolution or invoice correction. If matters cannot be resolved before the original due date, payments are made for previously disputed invoices on the next payment run after the dispute has been 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.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?