Published reports

.BIG YELLOW SELF STORAGE COMPANY LIMITED

Company number: 05166173

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 April 2023 to 30 September 2023

Report filed on:

24 October 2023

Approved by:

John Trotman

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Payment statistics

Average time taken to pay invoices: 24 days

Invoices paid:

• within 30 days: 91%
• in 31 to 60 days: 9%

Late and disputed:

• payments due in the reporting period which have not been paid within the agreed period: 5%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

60 days

Standard payment terms

30 days from invoice date

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

In the event of a dispute, suppliers contact the accounts payable team outlining the issue. The relevant member of the team will then investigate, and seek a resolution within 7 working days of being informed of the dispute. If the accounts payable team are unable to resolve the dispute, it will be passed on to the Finance Manager. Once a resolution is reached, the invoice will be processed for payment on the next weekly payment run.

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.

Yes, this business has signed up to: Prompt Payment Code

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