GOV.UK
DE LA RUE INTERNATIONAL LIMITED.
Company number: 00720284
Reporting period:
1 April 2018
to 29 September 2018
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 11 January 2019
and approved by L S Roche
Payment statistics
Average time taken to pay invoices: 71 days
Invoices paid:
- within 30 days: 25%
- in 31 to 60 days: 46%
- in 61 days or more: 29%
Invoices due but not paid within agreed terms: 53 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
90 days
Standard payment terms
Standard payment terms are 60 days from invoice date. Payments which fall due on a weekend or bank holiday are paid on the previous week's payment run. In certain circumstances, the company may agree to shorter payment terms as part of an overall commercial agreement.
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
A dedicated Accounts Payable team are available to manage all supplier queries, such as questions regarding receipt of goods, purchase orders, invoicing and payment queries.
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 – UK 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