BLACK SWAN INTERNATIONAL LIMITED
Company number: 02621410
Reporting period:
1 June 2018
to 30 November 2018
This report was filed on 17 December 2018
and approved by Brett Burton
Payment statistics
Average time taken to pay invoices: 25 days
Invoices paid:
- within 30 days: 62%
- in 31 to 60 days: 38%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 0 %
Payment terms
Shortest standard payment period
1 days
Longest standard payment period
45 days
Standard payment terms
15 days following end of month.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
45 days
A few suppliers are paid immediately, Entertainers are paid 15th of the month.
Major suppliers have agreed 30 day terms.
Majority of suppliers are paid 15th of the following month
Any other information about payment terms
N/A
Dispute resolution process
IF we are chased for an overdue invoice, accounts manager will investigate and if invoice has been missing, it is processed immediately. We advise suppliers invoice run processed 15th of the month. If they are not happy to wait we can agree to pay sooner.
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
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