Published reports

THE PIRBRIGHT INSTITUTE

Company number: 00559784

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 April 2018 to 30 September 2018

Report filed on:

29 October 2018

Approved by:

Keith Simpson


Payment statistics

Average time taken to pay invoices: 30 days

Invoices paid:

  • within 30 days: 40%
  • in 31 to 60 days: 58%
  • in 61 days or more: 2%

Late and disputed:

  • payments due in the reporting period which have not been paid within the agreed period: 44%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

45 days

Standard payment terms

The Pirbright Institute has standard payment terms of 30 days and this is applied by the vast majority of suppliers although a few offer slightly longer terms of 45 days or end of month following date of invoice. A few suppliers have shorter terms which range from 0 to 28 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

45 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

The Pirbright Institute places great importance on maintaining strong and healthy supplier relationships. We have a dedicated accounts payable team who liaise with the relevant requisitioner/approver in any disputes with suppliers.

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