E.H.BOOTH & CO.,LIMITED
Company number: 00049933
Reporting period:
2 April 2023 to 1 October 2023
Report filed on:
20 October 2023
Approved by:
Ross Faith
Payment statistics
Average time taken to pay invoices: 45 days
Invoices paid:
- within 30 days: 28%
- in 31 to 60 days: 64%
- in 61 days or more: 8%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 37%
Payment terms
Shortest standard payment periods
10 days
Longest standard payment period
60 days
Standard payment terms
Booths standard payment terms are 45 days from the date of invoice with credits due to EH Booth & Co Ltd offset against the next available payment. Terms may vary in accordance with individual agreements made with suppliers.
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
Longest payment term is 60 days following end of month.
Any other information about payment terms
EH Booth & Co Ltd operates a weekly payment run which captures all invoices that are due when payment is processed. A number of suppliers however are on nett payment days which means that a number of invoices could fall due post this payment date run and before the next one. These are captured on the next available payment run, which is verbally agreed with suppliers and are deemed not to be late, which if taken into account would reduce the invoices due but not paid within agreed terms from 37% ( down 1% year on year) to 20% ( down 1% year on year)
Dispute resolution process
EH Booth & Co Ltd is committed to working with its suppliers in a fair and timely manner to resolve all disputes quickly. If a dispute has arisen either by price or volume discrepancy, EH Booth & Co Ltd will always resolve the matter with reference to the original invoice and not ask suppliers to credit and re-invoice once the matter has been cleared. This does result in a technical late payment but is in agreement with the supplier as once resolved the cleared invoice will be processed on the next available payment run. All claims are handled by our Transaction Services team to resolve any outstanding issue. All invoices are paid in full and debit notes raised as and when the dispute is resolved
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.
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