OSBORNE CLARKE SERVICES
Company number: 03049484
Reporting period:
1 May 2024 to 31 October 2024
Report filed on:
25 November 2024
Approved by:
Peter Clough
Payment statistics
Average time taken to pay invoices: 17 days
Invoices paid:
- within 30 days: 89%
- in 31 to 60 days: 4%
- in 61 days or more: 7%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 11%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
OCS has adopted the following standard payment policy: For services where supplier terms are typically 30 days from invoice date, payments are made within the same month. Payments are made by BACs and suppliers receive value 2 days later. The above policy has been in place for many years and there have been no changes in policy during the reporting period.
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
Payments may be delayed where the invoiced services have not been received. (OCS does not buy goods, only services). Disputes are handled centrally by the HR team. Once resolved, payment is made immediately. Statistics to be
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