AMENTUM (UK) LTD.
Company number: 03909808
Reporting period:
1 October 2023 to 31 March 2024
Report filed on:
30 April 2024
Approved by:
Martin Shaw
Payment statistics
Average time taken to pay invoices: 23 days
Invoices paid:
- within 30 days: 78%
- in 31 to 60 days: 17%
- in 61 days or more: 5%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 30%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
45 days
Standard payment terms
All of our contracts with suppliers have payment terms of not more than 30 days and, typically, monthly or milestone invoicing. In certain
circumstances (eg for some sole trader firms) when requested we have agreed shorter payment periods or weekly invoicing to alleviate
cash issues for the supplier
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
45 days
In a small number of cases (for US based suppliers) the supplier specified 45 day terms in the quotation
Any other information about payment terms
N/A
Dispute resolution process
If any dispute or difference arises between Seller and Buyer under or in connection with this Agreement, it shall in the first instance be referred to Buyer’s authorised representative and
Seller’s authorised representative both of who shall meet in an attempt to resolve such dispute or difference by negotiation.
If the dispute or difference shall not have been resolved within 28 days following referral to Buyer’s authorised representative and Seller’s authorised representative for resolution,
the parties may by agreement refer the dispute or difference to mediation if the matter is suitable for resolution by mediation.
Until the earlier of
(i) such date as Seller’s authorised representative and Buyer’s authorised representative determine that they cannot resolve the dispute or difference by negotiation, or
(ii) the date 30 days after the dispute or difference was first referred to mediation for resolution, neither party may commence any arbitration procedures in accordance with this Agreement.
Either party may refer any dispute or difference arising out of or in connection with this Agreement to a sole arbitrator to be agreed and appointed by the parties or, failing such agreement
within 7 days of a request by either party to appoint an arbitrator, by the President or the Vice President of the Chartered Institute of Arbitrators at the request of either party
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 Fair Payment Code must commit to paying 95% of their invoices within 60 days.
Yes, this business has signed up to: Prompt Payment Code
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