A.F.BLAKEMORE AND SON LIMITED
Company number: 00391135
Reporting period:
1 May 2023 to 31 October 2023
Report filed on:
28 November 2023
Approved by:
Scott Munro-Morris
Payment statistics
Average time taken to pay invoices: 36 days
Invoices paid:
- within 30 days: 40%
- in 31 to 60 days: 53%
- in 61 days or more: 7%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 30%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
75 days
Standard payment terms
AF Blakemore agrees standard payment terms that vary between 30 and 75 days depending on size of supplier and products they sell.
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
75 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
AF Blakemore’s core values includes ‘behave with honesty and integrity in all our relationships’, so we endeavor to settle all disputes fairly and in a timely manner. Disputes are resolved by negotiation with the supplier and may involve the purchase ledger and trading teams.
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.
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.
Yes
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