FIRSTSOURCE SOLUTIONS UK LIMITED
Company number: 03999896
Reporting period:
1 April 2018 to 30 September 2018
Report filed on:
6 November 2018
Approved by:
Rob Rome
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 70%
- in 31 to 60 days: 25%
- in 61 days or more: 5%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
120 days
Standard payment terms
As agreed by both the parties. Contract has been raised for 12 Months and if required the contract continues as per the word mention in the contract
Were there any changes to the standard payment terms in the reporting period?
If payment terms have been changed the supplier mention along with the invoice. Based on that we make the payment as per the agreed terms
Were suppliers notified or consulted about these changes before they were made?
by mail
Maximum contractual payment period agreed
120 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
by way mail communication
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