MOORE STEPHENS LLP
Company number: OC313071
Reporting period:
1 May 2018 to 31 October 2018
Report filed on:
26 November 2018
Approved by:
Jon Randall
Payment statistics
Average time taken to pay invoices: 33 days
Invoices paid:
- within 30 days: 59%
- in 31 to 60 days: 33%
- in 61 days or more: 8%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 41%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Moore Stephens's standard payment terms are thirty days from our receipt of a valid and accurate invoice. If the invoice is received during a working day, the thirty days will begin on the next working day.
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
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Moore Stephens is committed to acting fairly and with integrity in its interaction with all its suppliers. A dedicated Accounts Payable team serves as the first point of liaison in the dispute resolution process who are supported by a defined escalation process to senior finance and legal officials as may be required in occassional circumstances.
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