DATALYNX LIMITED
Company number: 04399948
Reporting period:
1 May 2024 to 31 October 2024
Report filed on:
29 November 2024
Approved by:
Carol Spinks
Payment statistics
Average time taken to pay invoices: 13 days
Invoices paid:
- within 30 days: 99%
- in 31 to 60 days: 1%
- in 61 days or more: 0%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
35 days
Standard payment terms
Payment of a correctly submitted invoice will normally be made in an average of thirty (30) calendar days from the date of receipt. Standard payment terms can be found on our website:
https://www.datalynx.net/about-us/we-are-members-of-the-prompt-payment-code/
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
35 days
On exceptional occasions and by negotiation, for small businesses we may agree to a 14 day maximum contractual payment period.
Any other information about payment terms
N/A
Dispute resolution process
Payment disputes relating to correctly submitted invoices should be referred to the Accounts Team who will investigate the dispute and respond within 5 working days.
The accounts team can be contacted on accounts@datalynx.net
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.
Yes, this business has signed up to: Prompt Payment Code
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