Published reports

ARCHER (UK) LIMITED

Company number: SC229291

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 January 2023 to 30 June 2023

Report filed on:

13 July 2023

Approved by:

Kenneth Dey

---

Payment statistics

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: 90%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

30 days

Standard payment terms

Standard payment terms are 30 days. A small number of contractors (accounting for less than 3% of the total number of invoices processed) have payment terms of 7 to 14 days.

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

30 days

n/a

Any other information about payment terms

n/a

Dispute resolution process

Our aim is to deal with any invoice dispute in a prompt manner. Queries are dealt with either by the invoice processing team, or by the member of staff responsible for commissioning the work / service or ordering the goods. Queries would be escalated as appropriate within the organisation to try to ensure queries are resolved in a timely manner.

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