ENTERPRISE MANAGED SERVICES LIMITED
Company number: 00889628
Reporting period:
1 January 2024
to 30 June 2024
This report was filed on 30 July 2024
and approved by Andrew Nelson
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 56%
- in 31 to 60 days: 38%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 47 %
Payment terms
Shortest standard payment period
14 days
Longest standard payment period
60 days
Standard payment terms
Enterprise Managed Services Limited has a number of standard payment terms in place which vary depending on product type, service, business unit and client. These are summarised below:
• Materials suppliers – 30 days from end of month of invoice date.
• Service Suppliers – 30 days from invoice.
• Facilities Maintenance sub-contractors – varies according to client: 28 days from invoice.
• Highways subcontractors – 28 days from certification (35 days from Application).
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
In certain circumstances, payment terms of 60 days from end of month of invoice date are negotiated with specific material suppliers. This currently relates to 23 suppliers, 0.05% of our 2024 active supplier base.
Any other information about payment terms
N/A
Dispute resolution process
In accordance with good practice, we aim to validate all invoices in a timely manner with any discrepancies or queries being referred to the supplier or subcontractor for resolution or invoice correction.
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