DOOR-STOP INTERNATIONAL LIMITED

Company number: 06498960

Reporting period:
1 January 2023 to 1 April 2023

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This report was filed on 21 August 2023

and approved by Gary Vaughton

Payment statistics

Average time taken to pay invoices: 49 days

Invoices paid:

• within 30 days: 93%
• in 31 to 60 days: 5%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 23%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

90 days

Standard payment terms

EOM + 30 days EOM + 90 days

Were there any changes to the standard payment terms in the reporting period?

Standard payment terms were changed to 90 days form document date

Were suppliers notified or consulted about these changes before they were made?

Suppliers were contacted by email and letter. This was then followed up with telephone calls and, where appropriate, new contracts were issued and signed by both parties

Maximum contractual payment period agreed

90 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

The invoice is placed in query and given to the originator of the order to contact the supplier for resolution. Usually try to resolve within the month before payment falls due

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, this business has not signed up to a code of conduct or standards on payment practices.

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