ABM TECHNICAL SOLUTIONS LIMITED

Company number: 04039888

Reporting period:
1 November 2023 to 30 April 2024

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This report was filed on 11 June 2024

and approved by niall.partridge@abmireland.com

Payment statistics

Average time taken to pay invoices: 52 days

Invoices paid:

• within 30 days: 18%
• in 31 to 60 days: 69%
• in 61 days or more: 13%

Invoices due but not paid within agreed terms: 12%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

60 days

Standard payment terms

Standard Terms are 60 days Net for all standard contracts, agreed in advance Non Preferred Suppliers are paid according the suppliers terms.

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

We have moved all Preferred Suppliers from 60 Days End of Month to 60 days Net

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

email: APEngland@abm.com Usually a supplier will contact our accounts department via email. The department usually handle each case on an individual basis. We aim to respond within one week .

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.

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