LANDMARK INFORMATION GROUP LIMITED
Company number: 02892803
Reporting period:
1 October 2023
to 31 March 2024
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 1 May 2024
and approved by Paul James
Payment statistics
Average time taken to pay invoices: 18 days
Invoices paid:
- within 30 days: 87%
- in 31 to 60 days: 11%
- in 61 days or more: 2%
Invoices due but not paid within agreed terms: 26 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
60 days
Standard payment terms
30 days from date of invoice
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
There has been an increase in 7 day payment terms, but the standard terms remain 30 days.
Dispute resolution process
Queries from a supplier are dealt with by the Accounts Payable team, and will involve their manger if required. This can be escalated to the Finance Director if required.
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