ENVISAGE DENTAL UK LIMITED
Company number: 09315294
Reporting period:
1 April 2023 to 30 September 2023
Report filed on:
20 May 2024
Approved by:
Harpreet Gill
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 69%
- in 31 to 60 days: 20%
- in 61 days or more: 11%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 43%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
58 days
Standard payment terms
Most of the Company's existing and all new suppliers are set at 30 days payment terms. Any suppliers that request less than 30 days payment terms must be agreed with the senior management team.
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
58 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The Company prides itself in using trusted suppliers and building a strong relationship with them, therefore it is only a very rare occasion whereby we enter a dispute. In such event, the Accounts Payable Team will look to address any query. If the query is still not resolved, the Director of Finance / Purchasing Manager will intervene to reach an amicable solution with the supplier. If still no solution is reached, this is escalated to the group CFO.
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.
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.
Yes
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