Company number: 00237811
and approved by Paul Baker
Average time taken to pay invoices: 19 days
Invoices paid:
Invoices due but not paid within agreed terms: 2%
7 days
60 days
Standard non-trade payment terms of 60 days are deemed the firm's default, unless specific agreement is reached with individual suppliers for an alternative payment period. Trade Suppliers are paid on the 10th day of the second month following supply, unless alternative contracted terms are in place. Sub-contractor payments are 18 days from self-billed invoicing.
Answer not provided
N/A
60 days
No further comment provided
From 26/10/20 standard payment terms for new suppliers was increased to 60 days. Suppliers engaged prior to this remain at 30 days.
Invoices are matched on receipt and disputed invoices notified to the supplier. Disputes are managed directly between the supplier and site and resolved items are then reprocessed.
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