AXIANS NETWORKS LIMITED
Company number: 04407184
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
27 December 2018
Approved by:
Scott Van Der Vord
Payment statistics
Average time taken to pay invoices: 41 days
Invoices paid:
- within 30 days: 38%
- in 31 to 60 days: 52%
- in 61 days or more: 10%
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: 1%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Axians standard payment terms are 30 days except where it buys goods and services from vendors directly, or via the distribution channel, in which case the terms are at least 45 days. The maximum agreed terms 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
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Axians (accountspayable@axians.co.uk) alerts suppliers as soon as possible if there is any issue with an invoice and always at least one week before the invoice is due for payment. The alert will explain why the invoice is disputed. Invoices may go astray therefore Axians encourages all suppliers to issue regular statements that permits identification of missing invoices.
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