DANNY SULLIVAN & SONS LTD.
Company number: 02670127
Reporting period:
1 August 2023 to 31 January 2024
Report filed on:
13 February 2024
Approved by:
Umer Goraya
Payment statistics
Average time taken to pay invoices: 7 days
Invoices paid:
- within 30 days: 99%
- in 31 to 60 days: 1%
- in 61 days or more: 0%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
30 days
Standard payment terms
Standard payment terms are 30 days however, most suppliers are paid on the next Weekly Payment-Run following receipt of their invoice therefore, resulting in earlier payments for suppliers.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Supplier invoices and payments are managed by the Accounts Payable team. Disputed invoices are notified to the supplier by the individual who initiated the purchase transaction to ensure that they are investigated in a timely manner and resolved. Any invoice payment that cannot be resolved with the Company’s Accounts Payable team is escalated to the Finance Director for resolution.
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 Fair 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