Company number: SC035640
and approved by David Payne
Average time taken to pay invoices: 44 days
Invoices paid:
Invoices due but not paid within agreed terms: 13%
1 days
Answer not provided
At this time, we do not have standard payment terms across our business. There is a wide range of payment terms offered by, and negotiated with, our suppliers.
Answer not provided
N/A
90 days
No further comment provided
N/A
Payment disputes are typically initially referred to the finance function, who will try to resolve them by agreement through discussion with the supplier. If resolution cannot be reached within a reasonable period, the matter will typically be escalated to the procurement function, who will try to reach resolution by agreement through further discussion with the supplier. As necessary, appropriate further dispute resolution mechanisms provided for in the contract will be used (i.e. reference to mediation, arbitration or litigation).
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