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INTEGRITY PRINT LIMITED

Company number: 06596913

Reporting period:
1 July 2023 to 31 December 2023


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

This report was filed on 19 January 2024

and approved by Robert Burgess

Payment statistics

Average time taken to pay invoices: 56 days

Invoices paid:

Invoices due but not paid within agreed terms: 84 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

75 days

Standard payment terms

The standard payment terms for materials and services included in Integrity Print Ltd's general conditions of purchase are 60 days e.o.m.
For utility companies the payment terms are 7 days from receipt of invoice.
For some material suppliers the payment terms are 75 days e.o.m.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

75 days

na

Any other information about payment terms

Of the 84% of invoices not paid within agreed terms the majority are paid within 3 to 5 working days of the due date. This is done to sensibly manage the cash flows within the business.

Dispute resolution process

Complaints relating to materials received from suppliers are dealt with by the Purchasing Department who will email a Supplier Corrective Action Report (SCAR) to the supplier outlining the relevant details. If the claim is for the value of the supplier's invoice, the payment of that invoice will be held. If the claim is for only part of the invoice, payment will not normally be held. When the claim has been investigated and finalised the supplier will issue a credit note and if the original invoice was held it will be released for payment.
Complaints relating to other services will be dealt with by the relevant department and where necessary payment of invoices will be held until the complaint has been resolved.






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.

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