Company number: 00947980
and approved by Roland Potts
Average time taken to pay invoices: 89 days
Invoices paid:
Invoices due but not paid within agreed terms: 49%
120 days
Answer not provided
Standard payment terms are 120 days paid on the following 10th or 25th of the month. We do have vendors on payment terms which are different to the standard
Answer not provided
N/A
120 days
No further comment provided
Figures disclosed include intercompany payment transactions. Results for 3rd party only are: average number of days to pay is 90; %age of invoices paid under 30 days is 2%, 31-60 days is 7% and over 60 days is 91%; invoices due but not paid within agreed terms is 49%
Invoices are sent to the PO requestor or approver for review via ERP system and discrepancies are raised with the vendor. Queries may also be advised to the GBS or Local Finance teams, who would advise the vendor of the query and reason for non-payment
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No