ELEMIS LIMITED

Company number: 02279688

Reporting period:
1 April 2023 to 30 September 2023

---

This report was filed on 31 October 2023

and approved by Noella Gabriel

Payment statistics

Average time taken to pay invoices: 38 days

Invoices paid:

• within 30 days: 60%
• in 31 to 60 days: 16%
• in 61 days or more: 24%

Invoices due but not paid within agreed terms: 32%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

Standard payment terms in the absence of any other agreement are 30 days from invoice date. Payment may be made based on proforma invoices where these are for high value stock or machinery items, especially those being sent from outside the EU.

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

96 days

The maximum contractual payment period is 2 months and 1 week following the end of the calendar month containing the invoice date. This period applies to one supplier only.

Any other information about payment terms

N/A

Dispute resolution process

Queries are handled by the Accounts Payable department, who will liaise with suppliers by phone or by email. This team will contact other parts of the business as required to help resolve queries and disputes and make payment as soon as possible after the query 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 Prompt 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