Company number: 01316230
and approved by Karen Skinner
Average time taken to pay invoices: 29 days
Invoices paid:
Invoices due but not paid within agreed terms: 38%
0 days
60 days
We do not operate standard payment terms. The majority of supplier terms are 30 days, whilst some supplier terms are agreed by individual negotiation. The shortest standard payment period is 0 days, and the longest standard payment period is 60 days. Suppliers are usually paid via a weekly BACS payment run. If invoices are received after the weekly payment run date, it could lead to late payment for those invoices whose payment terms are less than 7 days. If we have a query or concern about an invoice, we immediately contact the supplier but this could lead to longer payment days in some cases.
Answer not provided
N/A
60 days
No further comment provided
N/A
Payment disputes can be referred to accounts payable team in the first instance. If it is not resolved on a timely basis, it can then be escalated to relevant purchasing managers.
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