GOV.UK
INCENTIVE FACILITIES MANAGEMENT LIMITED
Company number: 04324546
Reporting period:
1 April 2018
to 30 September 2018
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 29 October 2018
and approved by Paul Dunkley
Payment statistics
Average time taken to pay invoices: 51 days
Invoices paid:
- within 30 days: 18%
- in 31 to 60 days: 49%
- in 61 days or more: 33%
Invoices due but not paid within agreed terms: 75 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
30 days after the end of the month where invoices are dated.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
Our payment terms are sometimes determined by external clients.
Dispute resolution process
Incentive FM has a central payables helpdesk with a dedicated e-mail and telephone number and aim to answer queries within 48 hours. Escalation goes firstly to the Accounts Payable Manager and beyond this to the Financial Controller.
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
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