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AXIANS NETWORKS LIMITED

Company number: 04407184

Reporting period:
1 January 2018 to 30 June 2018


Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 27 December 2018

and approved by Scott Van Der Vord

Payment statistics

Average time taken to pay invoices: 41 days

Invoices paid:

Invoices due but not paid within agreed terms: 1 %

Payment terms

Standard payment period for qualifying contracts

30 days

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

Maximum contractual payment period agreed

90 days

Any other information about payment terms

N/A

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 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