ALTRAD SERVICES LIMITED

Company number: 03337119

Reporting period:
1 March 2024 to 31 August 2024

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This report was filed on 13 September 2024

and approved by Jonathan Gilmore

Payment statistics

Average time taken to pay invoices: 71 days

Invoices paid:

• within 30 days: 5%
• in 31 to 60 days: 34%
• in 61 days or more: 61%

Invoices due but not paid within agreed terms: 38%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

91 days

Standard payment terms

60 Days

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

91 days

n/a

Any other information about payment terms

n/a

Dispute resolution process

A detailed dispute resolution process is included in our standard company terms and conditions along with a statement of entitlement to statutory adjudication and arbitration to allow for resolution of disputes

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, 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.

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