DAIWA CORPORATE ADVISORY LIMITED
Company number: 03067616
Reporting period:
1 April 2018 to 30 September 2018
Report filed on:
25 October 2018
Approved by:
Michael Parkinson
Payment statistics
Average time taken to pay invoices: 19 days
Invoices paid:
- within 30 days: 94%
- in 31 to 60 days: 4%
- in 61 days or more: 2%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 19%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Majority of our payment terms are 30 days, but the terms depend on what is agreed between DC and the supplier.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
We only have one supplier on 60 day terms, the rest are all 30 days and below.
Majority are set up the suppliers rather than DC Advisory.
Any other information about payment terms
No further comment provided
Dispute resolution process
If we have a dispute on an invoice the manager who engaged the supplier / ordered the goods will be asked to get in touch with their contact to resolve the issue ASAP. This may result in us being issued a credit note, the invoice being re-issued or the invoice may be signed off by the manager after receiving an explanation of the costs. Once this has been authorised, the invoice is then settled ASAP.
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 Fair 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