AUDLEY GROUP LIMITED
Company number: 09906780
Reporting period:
1 January 2023
to 30 June 2023
This report was filed on 31 July 2023
and approved by Gary Burton
Payment statistics
Average time taken to pay invoices: 42 days
Invoices paid:
- within 30 days: 40%
- in 31 to 60 days: 54%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 36 %
Payment terms
Standard payment period for qualifying contracts
45 days
Standard payment terms
As the Audley Group, we agree payment terms on a supplier by supplier basis. Some payments are due on invoice date and some are payable quarterly or bi-yearly.
As a group we have a policy of 30 days from invoice receive date.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
45 days
Any other information about payment terms
Payments days have been calculated based on invoice date. The current system does not record invoice received date and so invoice date has been used as a proxy. It is likely, therefore, that payment days may be lower than calculated if based on date invoice received.
Dispute resolution process
Operational heads have responsibility for approving or disputing invoices for 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.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