CNR INTERNATIONAL (U.K.) DEVELOPMENTS LIMITED
Company number: 01021629
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
29 January 2025
Approved by:
Stephen Robertson
Payment statistics
Average time taken to pay invoices: 10 days
Invoices paid:
- within 30 days: 100%
Late and disputed:
Payment terms
Shortest standard payment periods
10 days
Longest standard payment period
30 days
Standard payment terms
30 days from date of receipt of a correctly prepared and adequately supported invoice
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
30 days
Within 30 days from receipt of a correctly prepared and adequately supported invoice.
Any other information about payment terms
Invoices received from third parties are generally paid via CNR International (U.K.) Limited and reimbursed through a funding arrangement with CNRI International Developments (U.K.) Limited.
Dispute resolution process
Any disputes arising in relation to 3rd party invoices would be dealt with initially through the Accounts Payable team and referred to the relevant contract sponsors and/or engineers to resolve the dispute and enable prompt payment. However, most payments processed through CNRI (U.K.) Developments Ltd. are intercompany transfers, which very rarely give rise to disputes and any such queries would be resolved via Intercompany Treasury and Payables communications.
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