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FULLER SMITH & TURNER PLC

Company number: 00241882

Reporting period:
1 April 2018 to 29 September 2018

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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 James Douglas

Payment statistics

Average time taken to pay invoices: 48 days

Invoices paid:

• within 30 days: 4%
• in 31 to 60 days: 90%
• in 61 days or more: 6%

Invoices due but not paid within agreed terms: 16 %

Payment terms

Shortest standard payment period

31 days

Longest standard payment period

60 days

Standard payment terms

Standard payment terms are 30 days following the end of the month of the invoice date.

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

No

Maximum contractual payment period agreed

90 days

The maximum contractual payment terms of 90 days apply only to certain suppliers from outside the European Union.

Any other information about payment terms

n/a

Dispute resolution process

Supplier enquiries regarding payments can be directed to the accounts payable team by email or telephone. We seek to resolve any disputes and make the payment as soon as a resolution has been achieved. Disputes are handled by the relevant manager within Fullers responsible for the purchase/order in accordance with any specific agreements that maybe in place. If a dispute cannot be resolved it will be escalated to more senior management for consideration.

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