GOV.UK
POST OFFICE LIMITED
Company number: 02154540
Reporting period:
26 March 2018
to 23 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 Alisdair Cameron
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 96%
- in 31 to 60 days: 3%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 0 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Maximum contracted payment term is 30 days or less
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
Dispute resolution process
It is the responsibility of the individual authorising the invoice to contact the supplier direct for any disputed items on the invoice. This individual should also inform the Accounts Payable team that the invoice is in dispute, provide a supplier contact name and an estimated timescale for resolution. This information is entered into the finance system against the relevant invoice.
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