Company number: 00137407
and approved by Tejvir Singh
Average time taken to pay invoices: 55 days
Invoices paid:
Invoices due but not paid within agreed terms: 41%
30 days
100 days
The standard payment terms of Accolade Wines Limited are 75 days from date of invoice. Payment terms are however negotiated as appropriate for specific sectors or suppliers. The longest agreed payment term of the company is 100 days. Any changes to suppliers terms and conditions are discussed and agreed with the suppliers. Terms and conditions are reviewed through any tender or contract renegotiation process on an individual supplier basis.
Answer not provided
N/A
100 days
No further comment provided
N/A
Invoices must be made out with the correct company name and address and sent via email or post to the Accounts Payable department. The Accounts Payable department can be contacted either via email or telephone weekdays. Invoices queries are sent to the relevant person within the business via a workflow. Price queries are sent to Procurement for checking and quantity queries to the person who ordered the goods. The Accounts Payable team will notify the supplier of any discrepancies and request a credit note. Supplier balances are reviewed monthly as part of the month end process. Supplier statement reconciliations are performed periodically for suppliers over a certain value, ensuring that all invoices have been received from the supplier and any overdue invoices are chased on a regular basis.
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.
No
No
No