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CALISEN METERING SERVICES LIMITED

Company number: 03364728

Reporting period:
1 July 2023 to 31 December 2023

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

This report was filed on 30 January 2024

and approved by Brandon Rennet

Payment statistics

Average time taken to pay invoices: 30 days

Invoices paid:

• within 30 days: 66%
• in 31 to 60 days: 21%
• in 61 days or more: 13%

Invoices due but not paid within agreed terms: 38 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

60 days

Standard payment terms

We have some suppliers who require immediate payment upon receipt of the invoice, for example Training providers who require payment at the point of booking a course. The majority of suppliers are set up with 30 day payment terms as standard and this is only reduced by exception. Some suppliers have been set up with longer payment terms of 45 to 60 days,

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

No

Maximum contractual payment period agreed

60 days

n/a

Any other information about payment terms

N/A

Dispute resolution process

All invoices are input into the finance system and sent for approval via the system to the relevant department that initiated the spend. If there is a dispute with the invoice, the department which initiated the spend would be responsible for querying this with the supplier.
Upon resolution, the department would either approve the invoice on the finance system or would request a revised invoice to be issued. Once the invoice has been entered onto the system and approved inline with the authorisation limits, the invoice will be paid on the following payment run. Payment runs are performed once a week.

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