GOV.UK
AO RETAIL LIMITED
Company number: 03914998
Reporting period:
1 April 2018
to 30 September 2018
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 30 October 2018
and approved by Mark Higgins
Payment statistics
Average time taken to pay invoices: 48 days
Invoices paid:
- within 30 days: 5%
- in 31 to 60 days: 88%
- in 61 days or more: 7%
Invoices due but not paid within agreed terms: 18 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
90 days
Standard payment terms
Standard payment terms for stock suppliers are 45 days or 30 days end of month. For non-stock suppliers, standard terms are 30 days, with the only exceptions being in agreed circumstances between both parties.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
Dispute resolution process
All queries are managed by a dedicated supplier finance team who contact the supplier with any invoices which cannot be matched to receipt of goods. AO Retail Limited has regular dialogue with suppliers and attempts to resolve queries in a timely manner.
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
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