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INTERNATIONAL RESCUE COMMITTEE, U.K.

Company number: 03458056

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 16 November 2023

and approved by Laura Kyrke Smith

Payment statistics

Average time taken to pay invoices: 15 days

Invoices paid:

• within 30 days: 98%
• in 31 to 60 days: 2%
• in 61 days or more: 0%

Invoices due but not paid within agreed terms: 28 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

30 days

Standard payment terms

Direct debits typically have payment terms of 14 days, but are deducted directly from our account. These invoices account for 25% of the total value and distort the average payment period as the number of days from receipt to payment is shown as nil.

Other suppliers are typically 28 or 30 days, with a small number within 7 days.

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

We request for the latest supplier statement from the supplier and reconcile it with our accounting system. Once resolved, we pay the invoice(s).
Depending on the nature of the dispute and our relationship with the supplier, we may pay the disputed invoice before the dispute is resolved if it is past due in order to maintain our relationship.
We send remittance advices to suppliers after each payment run showing invoices settled and amounts. When requested, we provide suppliers with evidence of payments made, e.g. bank statements showing outgoing funds.
Disputes and complaints are normally resolved within 30 days.

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.

Yes – DFID code of conduct for suppliers

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