Company number: 00235815
and approved by Karen Leay
Average time taken to pay invoices: 41 days
Invoices paid:
Invoices due but not paid within agreed terms: 66%
0 days
104 days
No standard payment terms. Negotiated on a supplier-by-supplier basis although about 80% of our suppliers are on either net 30 days or 30th of month following invoice.
Answer not provided
N/A
104 days
No further comment provided
Generally, invoices are paid in the first payment run following the due date. Typically, payment runs are made weekly. Consequently, invoices will normally be overdue but only for a short period of time.
The accounts payable team works closely with the procurement team and the supplier to resolve queries in a timely manner. The accounts payable team are available by email or phone.
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.
No
No
No