GOV.UK
FOOTASYLUM PLC
Company number: 05535565
Reporting period:
25 February 2018
to 25 August 2018
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 13 November 2018
and approved by Danielle Davies
Payment statistics
Average time taken to pay invoices: 29 days
Invoices paid:
- within 30 days: 70%
- in 31 to 60 days: 21%
- in 61 days or more: 9%
Invoices due but not paid within agreed terms: 25 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
67 days
Standard payment terms
45 days
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
67 days
N/A
Any other information about payment terms
Changes to the standard payment terms are made on a case by case basis and will be discussed with the relationship manager. There we no changes to the standard payment terms in the reporting period.
Dispute resolution process
Any disputes will be resolved in a prompt and timely manner directly with the supplier and is dealt with by the finance department.
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.
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.
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