A.G. PARFETT & SONS LIMITED
Company number: 01472970
Reporting period:
1 January 2024 to 30 June 2024
Report filed on:
29 July 2024
Approved by:
Iain Martin
Payment statistics
Average time taken to pay invoices: 45 days
Invoices paid:
- within 30 days: 11%
- in 31 to 60 days: 79%
- in 61 days or more: 10%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 58%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
AG Parfett & Sons Limited does not have standard payment terms. Payment terms for services are agreed with suppliers in advance of supply. Payment terms for stock items are negotiated and agreed with suppliers as part of contract and price negotiations. The most common payment terms are net 30 days, and the 28th and 30th of the month following supply.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
120 days
AG Parfett & Sons Limited does not have standard payment terms. Payment terms for services are agreed with suppliers in advance of supply. Payment terms for stock items are negotiated and agreed with suppliers as part of contract and price negotiations. The most common payment terms are net 30 days, and the 28th and 30th of the month following supply.
Any other information about payment terms
No further comment provided
Dispute resolution process
Disputes are solved by negotiation involving the relevant parties - in the first instance accounts payable and credit control teams. Following that, disputes are referred to the trading and purchasing department to resolve with the appropriate supplier representative.
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 Fair 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