APOLLO FIRE DETECTORS LIMITED

Company number: 01483208

Reporting period:
1 October 2023 to 31 March 2024

This information is as reported by the business, and responses are in their own words.

This report was filed on 19 April 2024

and approved by Rachel Pugh

Payment statistics

Average time taken to pay invoices: 60 days

Invoices paid:

within 30 days: 18%
in 31 to 60 days: 33%
in 61 days or more: 49%

Invoices due but not paid within agreed terms: 67%

Payment terms

Shortest standard payment periods

60 days

Longest standard payment period

Answer not provided

Standard payment terms

Standard terms are 60 days. The terms do vary depending on suppliers own terms for example, 7,14,30 or 90 days

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

90 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Payment disputes are initially reported to Accounts Payable where a member of the team will investigate the dispute with the account relationship holder. When required the dispute will be escalated to the Department Head and Finance Director. Once resolved the supplier will be paid in accordance with its payment terms or if the invoice is past due then on the next payment run.

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, this business has not signed up to a code of conduct or standards on payment practices.

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.

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.

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?