DAVID M. ROBINSON LIMITED
Company number: 00958819
Reporting period:
1 April 2023 to 30 September 2023
Report filed on:
10 December 2024
Approved by:
John Robinson
Payment statistics
Average time taken to pay invoices: 41 days
Invoices paid:
- within 30 days: 34%
- in 31 to 60 days: 55%
- in 61 days or more: 11%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 4%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
120 days
Standard payment terms
Standard payment terms can vary dependent on supplier. Our usual payment terms for our stock suppliers are Net 30 End of Month although for some suppliers we have split payment of up to 4 months. Usual terms for overhead suppliers is upfront, Net 14 or Net 30.
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
120 days
We have one supplier who gives us 120 day terms but this is for 25% of the invoice total with the rest being split over 30/60/90 days.
Any other information about payment terms
n/a
Dispute resolution process
Complaints over payment terms are rare and but would be dealt with between the Head of Finance and the Head of the relevant department to which the supplier is connected.
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