EN ROUTE INTERNATIONAL LIMITED
Company number: 04524355
Reporting period:
1 April 2023 to 30 September 2023
Report filed on:
5 October 2023
Approved by:
Caroline Newell
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 74%
- in 31 to 60 days: 24%
- in 61 days or more: 2%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 1%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
60 days
Standard payment terms
Our standard payment terms entering this reporting period were 30 days from the date of invoice.
Within this reporting period, we have started to discuss with our Top 20 value suppliers moving them 60 day payment terms from the date of the invoice.
Were there any changes to the standard payment terms in the reporting period?
Our standard payment terms entering this reporting period were 30 days from the date of invoice.
Within this reporting period, we have started to discuss with our Top 20 value suppliers moving them 60 day payment terms from the date of the invoice.
Were suppliers notified or consulted about these changes before they were made?
We sent out written communications explaining the reasons for the change and the date if would be implemented. We also invited any supplier who wished to discuss the change, to contact a dedicated team.
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
We have a very low volume of legacy suppliers on payment terms less than 30 days from date of invoice.
Dispute resolution process
Goods and delivery related issues are resolved by a dedicated resource within the operations team.
Invoice and payment related issues are managed via the same email address that invoices are sent to.
Our aim is to contact the supplier to agree the problem statement and discuss the way forward within two working days of them contacting us at this email address.
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