BUILDER DEPOT LIMITED
Company number: 04287341
Reporting period:
1 January 2024 to 30 June 2024
Report filed on:
17 July 2024
Approved by:
Chee Cheah
Payment statistics
Average time taken to pay invoices: 53 days
Invoices paid:
- within 30 days: 9%
- in 31 to 60 days: 66%
- in 61 days or more: 25%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 26%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
The company aims to pay suppliers in line with the agreed terms. Where there is no existing agreement we pay 30 days following the month of invoice and subject to no invoice dispute.
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
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
As soon as we are made aware of an invoice discrepancy we issue debit notes by email to the supplier credit controller or lodge a query on the suppliers online portal as per the suppliers preference. The supplier sends correspondence to our purchase ledger department by email to provide an appropriate solution. Once the query is resolved the invoice is approved for payment.
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.
Yes
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