Company number: 02655347
and approved by CHRISTOS ANGELIDES
Average time taken to pay invoices: 51 days
Invoices paid:
Invoices due but not paid within agreed terms: 51%
30 days
60 days
We pay 30 days as standard, though many stock suppliers are on 60 days. For stock suppliers, payment terms generally begin from the goods being received into our warehouse and clearing quality control. Longer transit times from the Far East continue to result in a longer lead time for stock being QC passed. This is actively managed with suppliers where, as a result, payments may fall outside of the payment terms on the face of the invoice.
Answer not provided
N/A
60 days
from goods clearing QC in our warehouse.
n/a
Complaints and disputes should be raised initially with the Accounts Payable department in our Beckton office via email or telephone. A complaint will be picked up by a specific member of staff, depending on the type of supplier, on receipt and where it cannot be resolved the complaint will be escalated in the first instance to the Purchase Ledger Manager and then to the Financial Controller if required.
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