Company number: 06596913
and approved by Robert Burgess
Average time taken to pay invoices: 56 days
Invoices paid:
Invoices due but not paid within agreed terms: 84%
7 days
75 days
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.
Answer not provided
N/A
75 days
na
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.
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.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No