DSL FLOORING LIMITED
Company number: 12027312
Reporting period:
1 July 2023 to 31 December 2023
Report filed on:
26 January 2024
Approved by:
Chris Comens
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 50%
- in 31 to 60 days: 50%
- in 61 days or more: 0%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 1%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
All suppliers have agreed commercial terms and are usually long term suppliers with regular spend profiles.
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
Trade product purchases are set at 60 days
General Overhead suppliers other than Utilities who are on Direct Debits are set at 30 days.
Any consultancy or individual self-employed suppliers where invoices affect personal income are paid in 7 days.
Any other information about payment terms
DSL Flooring always promotes fair payment terms and ensure all non-disputed invoice are paid in timely fashion.
Dispute resolution process
We have very few disputes.
Any which do arise are dealt with quickly.
We treat suppliers as partners for our business, so there is never any intention to withhold payments.
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