Company number: 05946902
and approved by James Goode
Average time taken to pay invoices: 24 days
Invoices paid:
Invoices due but not paid within agreed terms: 24%
0 days
60 days
• The standard contractual length of time for payment of invoices is 30 days from invoice date. A number of freelance suppliers are on zero payment terms to ensure that where possible they are on the next available payment run after invoice approval. • The maximum contractual payment period is 60 days. • Changes to standard payment terms would only be made subject to contractual agreement by both parties.
Answer not provided
N/A
60 days
N/A
N/A
• The Accounts Payable team will contact supplier and request details of dispute by email. • On receipt of requested details, the dispute is then referred to the relevant internal recipient of service (“account manager”) to review the details of the dispute and either contact the supplier directly and/or give direction to the Accounts Payable team how they need to handle the dispute. • In the event of the dispute not being satisfactorily resolved by the Accounts Payable team or the account manager, the matter will be referred to the Legal team for further action.
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