PERRYS MOTOR SALES LIMITED
Company number: 00972286
Reporting period:
1 January 2024 to 30 June 2024
Report filed on:
11 July 2024
Approved by:
Chris Thexton
Payment statistics
Average time taken to pay invoices: 20 days
Invoices paid:
- within 30 days: 70%
- in 31 to 60 days: 26%
- in 61 days or more: 4%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 4%
Payment terms
Shortest standard payment periods
3 days
Longest standard payment period
60 days
Standard payment terms
Perrys standard payment terms state that payment of third party invoices for goods and services will be made by the end of the month following the month in which a properly due, correct, and complete invoice was received. Other terms may apply where agreed in writing by a duly authorised representative.
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
60 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Perrys are committed to acting with integrity and therefore endeavour to resolve all disputes in a fair and timely manner. Disputes are resolved by discussion and agreement between the supplier’s main contact and Perrys accounts payable team together with the main Perrys contact who typically will have ordered the goods and services.
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.
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