Company number: 02459442
and approved by Snehal Shah
Average time taken to pay invoices: 22 days
Invoices paid:
Invoices due but not paid within agreed terms: 39%
28 days
Answer not provided
28 days from receipt of invoice
Answer not provided
N/A
60 days
No further comment provided
Our days to pay has steadily improved over the last few years. The ‘paid within terms’ however has stayed fairly static. This is largely due to the fact that some of our suppliers have ‘immediate’ payment terms. It is not possible to pay these suppliers within 0 days so this causes an increase in our percentage of ‘not paid in terms’.
Contact made directly with suppliers accounts team in the first instance and internally with purchaser to resolve the issue. Escalation to supplier account manager if unresolved.
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