GOV.UK
DX NETWORK SERVICES LIMITED
Company number: 05026914
Reporting period:
1 January 2024
to 30 June 2024
This report was filed on 29 July 2024
and approved by David Mulligan
Payment statistics
Average time taken to pay invoices: 18 days
Invoices paid:
- within 30 days: 86%
- in 31 to 60 days: 11%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 15 %
Payment terms
Shortest standard payment period
6 days
Longest standard payment period
60 days
Standard payment terms
The Business standard terms are 30 days from date of invoice.
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
We have different payments terms for our self-billing suppliers and these self-billed invoices are paid within those agreed terms.
Payment runs are processed on a weekly basis. Invoices are typically paid on the payment run on or earlier than the agreed due date. Payments are generally made by BACs and suppliers receive the amount two days later.
The above policies have been in place for many years and there have been no changes in policy during the reporting period.
Dispute resolution process
If a supplier has any disputes or concerns regarding any aspect of our payment process, their first point of contact is our Purchase Ledger Team through the main switchboard or via e-mail direct to DXpurchaseledger@dxdelivery.com
The aim of conversation is always to try and resolve any issue in a timely and collaborative manner, in order to maintain a good working relationship. If those involved are unable to find a solution, then the issue would be escalated within the Procurement Team or senior management 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
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