P&O FERRIES LIMITED

Company number: 00237626

Reporting period:
1 July 2020 to 31 December 2020

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This report was filed on 1 February 2024

and approved by Peter Hebblethwaite

Payment statistics

Average time taken to pay invoices: 50 days

Invoices paid:

• within 30 days: 20%
• in 31 to 60 days: 63%
• in 61 days or more: 17%

Invoices due but not paid within agreed terms: 51%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

90 days

Standard payment terms

30 Days end of month

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

96 days

Extended payment terms agreed with some suppliers during Covid 19.

Any other information about payment terms

N/A

Dispute resolution process

For any payment queries, suppliers should contact the Accounts Payable department at P&O Ferries Ltd, either by email to accountspayable@poferries.com or by phoning the switchboard on 01304 863000 and asking for the Accounts Payable department. The Accounts Payable department will look into suppliers’ queries as soon as possible, and will liaise with the purchaser and the supplier to resolve any queries or disputes to enable payment to be made as quickly as possible.

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