CARLISLE BRASS LIMITED
Company number: 02022858
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
21 January 2025
Approved by:
Angus Grant
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 57%
- in 31 to 60 days: 34%
- in 61 days or more: 9%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 26%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
95 days
Standard payment terms
Standard contractual terms for the majority of foreign goods is 60 days. For UK goods and services it is 30 days. The maximum contractual period is 90 days.
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
95 days
Our payment process dictates that payment of invoices on end of month terms is made in the first week of the following month. We are pleased to report that over 80% of our purchase invoices are paid within 10 calendar days of the due date.
Any other information about payment terms
The payment terms for direct debit accounts on our ledger are stored as 0 days from document date, so by default are reported as being paid late. This would account for c. 5% of late payments
Dispute resolution process
Disputes are reported to suppliers in a timely manner, with the transaction remaining unauthorised until resolved
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.
Yes
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