Company number: SC065463
and approved by Mark Ashman
Average time taken to pay invoices: 42 days
Invoices paid:
Invoices due but not paid within agreed terms: 40%
30 days
Answer not provided
A large proportion of the company's suppliers have agreed different payment terms, most commonly 30 days after receipt of invoice. The company makes bulk weekly payment runs, therefore invoices are usually paid on the payment run that is closest to the due date on a supplier's invoice.
Answer not provided
N/A
30 days
No further comment provided
As the company's standard payment practice is a payment run once a week, any invoices paid after the due date tend to be ones that were not due on the date of the previous week's payment run and therefore payment can run overdue.
The main method of resolving these is via both parties' commercial contacts.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No