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COLOPLAST LIMITED

Company number: 01094405

Reporting period:
1 October 2022 to 31 March 2023


Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 15 July 2024

and approved by Rebecca Bates

Payment statistics

Average time taken to pay invoices: 33 days

Invoices paid:

Invoices due but not paid within agreed terms: 30 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

30 days from invoice date

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

N/A

Dispute resolution process

All invoices and complaints are sent to a central Accounts Payable mailbox.

Each email is assigned a case number and priority listing.

Members of the Accounts Payable team then review these case numbers in priority order and deal with as necessary, escalating to team leaders where required.

Once a conclusion has been made, the case is closed on the system.

The SLA is to turn around cases within 24 hours although more complex ones may take longer

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.

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