IMTECH ENGINEERING SERVICES LTD
Company number: 00443522
1 January 2023
to 30 June 2023
This report was filed on 31 July 2023
and approved by Neil Evans
Average time taken to pay invoices: 41 days
- within 30 days: 42%
- in 31 to 60 days: 33%
- in 61 days or more: 25%
Invoices due but not paid within agreed terms: 35 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
We use standard payment terms, we do not exercise contractual clauses to change terms and if we were to do so, it would be agreed in writing by both parties
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
Our supply chain are promptly made aware of any queries following the result of PO mismatch or any quality issues which would delay or risk payment
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.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?