Company number: 09893219
and approved by Alastair Rowell
Average time taken to pay invoices: 69 days
Invoices paid:
Invoices due but not paid within agreed terms: 55%
30 days
Answer not provided
30 days from date of invoice
Answer not provided
N/A
210 days
We have special payment terms and agreements in place with one of our key suppliers that represent 63% of total purchase invoices paid. Our agreed payment terms can go to a maximum of 210 days on these terms
Our payment runs are prepared on a weekly basis to include figures due for payment up to the end of that week.
Queries from suppliers are investigated by the finance department and internal checks are done to ensure that all goods or services have been received. Upon receipt of goods or services invoices are authorised and payment runs are completed on a weekly basis. Any queries are communicated to the correct internal departments and suppliers in order to resolve any issues 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