OLIVER BONAS LIMITED
Company number: 03799350
Reporting period:
1 July 2023 to
31 December 2023
This report was filed on 3 January 2024
and approved by Tim Hollidge
Payment statistics
Average time taken to pay invoices: 42 days
Invoices paid:
- within 30 days: 47%
- in 31 to 60 days: 34%
- in 61 days or more: 19%
Invoices due but not paid within agreed terms: 18%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
90 days
Standard payment terms
Oliver Bonas Limited does not have standard payment terms. Payment terms are agreed with suppliers as part of negotiations. The most common payment terms of invoices paid in the period is net 30 days.
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
90 days
No further comment provided
Any other information about payment terms
Oliver Bonas Limited seeks to pay all suppliers within agreed terms and on time subject to receiving the invoice and accurate supporting information in a timely manner.
Dispute resolution process
Disputes are resolved by negotiation involving the relevant parties -supplier, accounts payable and buying teams. These will be escalted when necessary to the Financial controller and Head of Buying
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