AXIS EUROPE PLC
Company number: 01991637
Reporting period:
1 April 2023 to 30 September 2023
Report filed on:
18 October 2023
Approved by:
RICKARDO SANTANA
Payment statistics
Average time taken to pay invoices: 29 days
Invoices paid:
- within 30 days: 48%
- in 31 to 60 days: 51%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 26%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
• Suppliers 30 days End of Month • Subcontractors 60 Days from Invoice date • Suppliers can apply for terms outside of standard but must be agreed by manager • Subcontractors can apply for 30 days, or 14 days although 14 days are only for Sole Traders (not Ltd companies)
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
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Any disputed invoices are esculated to the relevant contract manager and resolved. In the rare event it is not resolved it goes to Arbitration or Legal
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