DODD GROUP (MIDLANDS) LIMITED
Company number: 01179878
Reporting period:
1 April 2018 to
30 September 2018
!
This information is as reported by the business, and responses are in their own words.
This report was filed on 6 November 2018
and approved by Mark Dodd
Payment statistics
Average time taken to pay invoices:
63 days
Invoices paid:
- within 30 days: 15%
- in 31 to 60 days: 15%
- in 61 days or more: 70%
Invoices due but not paid within agreed terms:
21%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
60 days
Standard payment terms
Standard terms are 60 days from the end of month of invoice date
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
Invoices for materials can be put into query for a range of reasons. Reports are sent to suppliers detailing any queries with the invoices.
Queries with Sub-Contract invoices are dealt with by our commercial managers.
Disputes not resolved by local commercial managers or the Finance team are escalated internally for resolution.
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