CARLISLE BRASS LIMITED

Company number: 02022858

Reporting period:
1 July 2023 to 31 December 2023

---

This report was filed on 31 January 2024

and approved by James Rocke

Payment statistics

Average time taken to pay invoices: 34 days

Invoices paid:

• within 30 days: 50%
• in 31 to 60 days: 39%
• in 61 days or more: 11%

Invoices due but not paid within agreed terms: 40%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

95 days

Standard payment terms

Standard contractual terms for the majority of foreign goods is 60 days. For UK goods and services it is 30 days EOM. The maximum contractual period is 95 days.

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

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

95 days

No further comment provided

Any other information about payment terms

Our payment process dictates that payment of invoices on end of month terms is made in the first week of the following month. We are pleased to report that over 85% of our purchase invoices are paid within 10 calendar days of the due date.

Dispute resolution process

Disputes are reported to suppliers in a timely manner, with the transaction remaining unauthorised until 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, 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