Company number: 00199841
and approved by Nigel Brunning
Average time taken to pay invoices: 61 days
Invoices paid:
Invoices due but not paid within agreed terms: 80%
30 days
60 days
Standard payment terms are 60 days from month end. Payments are made twice monthly on the 1st and 15th of each month. Invoices due on the last day of the month are paid on the next available working day, these invoices are shown as 'not paid within terms' in this report.
Answer not provided
N/A
90 days
We request 90 days for large supplier contracts of regular purchases for production.
N/A
A dedicated accounts payable email account is provided for invoice and statement submission and other resolution of queries. Discrepancies such as pricing or quantity differences are resolved by the designated buyer within our purchasing department. We aim to work together with suppliers to resolve any disputes to the satisfaction of both parties and seek to develop long standing business relationships based on mutual trust.
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