AGIITO LIMITED
Company number: 01094729
Reporting period:
1 January 2023
to 30 June 2023
This report was filed on 1 August 2023
and approved by Amar Sohpal
Payment statistics
Average time taken to pay invoices: 6 days
Invoices paid:
- within 30 days: 99%
- in 31 to 60 days: 1%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 3 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
40 days
Standard payment terms
30 days for SME's
40 days for Non-SME's
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Last working day of the following month.
Example if an invoice is received on 01/05/18 it will be paid on 29/06/18. This is specifically for some of our hotel and accommodation contracts.
Any other information about payment terms
N/A
Dispute resolution process
3.2 SUPPLIER DISPUTE RESOLUTION PROCESS
If a dispute arises between the parties during the term of a contract that cannot be resolved by operational staff then, in addition with consulting with the Commercial function, the following escalation and dispute resolution process should be followed:
Level 1: Account Managers of both parties
Level 2: Relevant Capita Commercial Director and Supplier Director (or equivalent senior manager if no directors within the business)
Level 3: Managing Directors of the parties (or the substantially equivalent person if the supplier does not have a Managing Director)
Level 4: Capita may elect to refer the dispute to a mediation procedure under the auspices of the Centre for Effective Dispute Resolution
The existence of any dispute shall not entitle the supplier to suspend any Statement of Work or for Capita to suspend the payment of any undisputed charges.
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.Yes – The Prompt Payment Code
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.
Yes
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