DAY LEWIS PLC

Company number: 01202866

Reporting period:
1 October 2023 to 31 March 2024

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This report was filed on 30 April 2024

and approved by Mr Jayanti Chimanbhai Patel

Payment statistics

Average time taken to pay invoices: 33 days

Invoices paid:

• within 30 days: 5%
• in 31 to 60 days: 95%

Invoices due but not paid within agreed terms: 1%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

60 days

Standard payment terms

Day Lewis PLC has several standard payment terms for qualifying contracts. These typically range from 7 days to 60 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

60 days

Suppliers on non-standard trading terms have individually negotiated contracts, with varying payment terms.

Any other information about payment terms

NA

Dispute resolution process

The main point of contact for disputes is the Accounts Payable department who manage the approval of invoices and follow internal processes to deal with and resolve invoice queries. Disputes will be investigated by the Accounts Payable team, who will liaise with the appropriate function to resolve the query. Query invoices will be held for payment until resolved.

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.

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