ALTUS INTERVENTION LIMITED
Company number: SC225200
Reporting period:
1 July 2023 to 31 December 2023
Report filed on:
12 January 2024
Approved by:
Donald Prentice
Payment statistics
Average time taken to pay invoices: 45 days
Invoices paid:
- within 30 days: 17%
- in 31 to 60 days: 73%
- in 61 days or more: 10%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 66%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Altus Intervention Limited has standard payment terms of 45 days from date of invoice. Certain suppliers have agreed differing payment terms, ranging from 30 days to 60 days. These alternate payment terms have been based on nature of goods and services supplied and levels of trade between the company and the supplier.
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
If there any queries in relation to payment by Altus Intervention Limited, initial contact should be made via e-mail to Invoices.Aberdeen@altusintervention.com. If resolution of any queries cannot be provided by the purchase ledger department, it will be escalated internally to the Finance Manager initially and thereafter to the Vice President of Finance.
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.
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