Company number: 02650590
and approved by Julian Randles
Average time taken to pay invoices: 7 days
Invoices paid:
Invoices due but not paid within agreed terms: 11%
14 days
30 days
We have no standard payment terms due to the nature of our business offering tailored solutions to a wide range of international clients. Cash against documents is one of our more common terms, however there is no obvious most frequently used contractual terms. Other payment terms apply for overhead payments and are generally dictated by the supplier (generally 7 to 14 days).
Answer not provided
N/A
180 days
No further comment provided
N/A
All trade related contracts are fully detailed in written agreements. All trading counterparties would have a designated contact within the business who would engage with counterparty where a dispute arises. All avenues would be investigated to amicably resolve any dispute before going to arbitration or the courts to resolve. Any dispute would be reviewed urgently by all departments impacted. Any overhead supplier dispute would be dealt with by the Head of Corporate Accounting who would engage with appropriate contacts at the counterparty to resolve, with escalation to the CFO as required. Any issue would be aimed to be addressed within a week, and regular dialogue to be maintained during any resolution process.
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.
Yes
No
No