BRIGGS AMASCO LIMITED
Company number: 03541311
Reporting period:
1 January 2024 to
30 June 2024
This report was filed on 9 July 2024
and approved by Matthew Jones
Payment statistics
Average time taken to pay invoices: 36 days
Invoices paid:
- within 30 days: 48%
- in 31 to 60 days: 31%
- in 61 days or more: 21%
Invoices due but not paid within agreed terms: 13%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
Various Payment Terms from 7 days to 30 ,45 & 60 Days for suppliers Subcontrctors are either paid on 14 days or 30 days depending on whether they are labour only or supply & fit
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
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Briggs Amasco try to resolve disputes as effieciently as possible. If there is a dispute on an invoice the purchase department or the buyer will inform the supplier and where possible suggest a solution. Once agreed a credit note will be required for patial or full amount of the invoice. The original invoice will be paid after deduction of the credit note. There is an escalation process in place to senior management if disputes cannot be resolved in a reasonable timeframe .
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