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OXFORD DIRECT SERVICES LIMITED

Company number: 10719222

Reporting period:
1 April 2023 to 30 September 2023

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

This report was filed on 2 November 2023

and approved by Gregor Budde

Payment statistics

Average time taken to pay invoices: 16 days

Invoices paid:

• within 30 days: 92%
• in 31 to 60 days: 8%
• in 61 days or more: 0%

Invoices due but not paid within agreed terms: 6 %

Payment terms

Shortest standard payment period

14 days

Longest standard payment period

30 days

Standard payment terms

Payment of the price and VAT shall be due within 30 days of the date of the Seller’s invoice. No invoice shall be submitted by the Seller to the company prior to delivery of all of the goods in conformity with the purchase order and the specification, or the full and proper completion of the services and no payment shall be payable until delivery of all of the goods or the full and proper completion of all of the Services specified in the purchase order and specification.

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

No

Maximum contractual payment period agreed

30 days

Any other information about payment terms

N/A

Dispute resolution process

Suppliers with invoice queries can contact the AP team either via email or via direct contact with a member of the Accounts Payable team. The Accounts Payable team will investigate the query and will respond to the Supplier with a resolution. The Accounts Payable team will also get in contact with the Supplier if they find an issue with the invoice.

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

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