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BRIGGS AMASCO LIMITED

Company number: 03541311

Reporting period:
1 January 2023 to 30 June 2023

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

This report was filed on 26 July 2023

and approved by Matthew Jones

Payment statistics

Average time taken to pay invoices: 46 days

Invoices paid:

• within 30 days: 39%
• in 31 to 60 days: 30%
• in 61 days or more: 31%

Invoices due but not paid within agreed terms: 48 %

Payment terms

Shortest standard payment period

14 days

Longest standard payment period

90 days

Standard payment terms

We have various payment terms from 14 days for labour only subcontractors to 30 , 45 & 60 days EOM for suppliers.

1 Supplier with 90 days terms

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

90 days

Any other information about payment terms

N/A

Dispute resolution process

Briggs Amasco activley resolve disputes as efficiently as possible.
If there is a dispute on an invoice the purchase department or buyer will inform the supplier and where possible suggest a solution.
Once agreed a credit note will be required for partial or full amount of the invoice
The original invoice will be paid after deduction of the credit note. There is an escalation process in place to senior management if disputes cannot be resolved in a reasonable timeframe.

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.

No

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