ALUN GRIFFITHS (CONTRACTORS) LIMITED
Company number: 01493003
Reporting period:
1 July 2024 to
31 December 2024
This report was filed on 23 January 2025
and approved by Bevan John Browne
Payment statistics
Average time taken to pay invoices: 29 days
Invoices paid:
- within 30 days: 58%
- in 31 to 60 days: 36%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 74%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Our standard payment terms are 30 days end of month, for all new suppliers as published on our website. Although we have historic payment terms which range from payment on receipt to 90 days end of month, with 90% of suppliers being on 30 days end of month.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
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
Statistical information represents a combination of purchase ledger suppliers and sub-contract payments. Maximum payment term applies to only a handful of very large companies with historical payment agreements and high volume invoices.
Dispute resolution process
Invoices/requests for payment which do not automatically match to the purchase order are electronically sent out to the requisitioner who is responsible for taking the action required to resolve the query. Disputed invoices are monitored on a regular basis to ensure the requisitioner and supplier resolve the dispute as soon as possible.
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.
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