Company number: 02872512
and approved by Chris Bouttle
Average time taken to pay invoices: 122 days
Invoices paid:
Invoices due but not paid within agreed terms: 98%
0 days
120 days
Goods not for resale Except during Covid, Invoices are paid weekly mainly on 30 days terms, limited exceptions exist for landlords and utility companies Goods for resale Our payment terms are variable and dependent on agreements with individual suppliers, our average payment terms are 45-50 days with special arangements implemented during Covid. Validated and due invoices will be paid to the closest payrun to comply with these agreed timeframes. Payment runs are processed weekly, Covid excepted, with a BACS file ordinarily submitted on a Wednesday with the actual payment reaching our suppliers on the Friday
In full agreement with our suppliers, we put special arrangements in place to enable us cope with the economic downturn during the Covid pandemic
Yes, fully consulted throughout by phone and email etc
120 days
No further comment provided
N/A
Invoice queries are dealt with by our Accounts Payable team based in our Shared Services Centre in collaboration with our logistics personnel for quantity differences and our buying team for pricing queries. We deploy 3 way automatic matching throughout in conjunction with a workflow system which also assists in the resolution of disputed invoices.
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