OLIVER CONNELL AND SON LIMITED
Company number: 01168783
Reporting period:
1 July 2024 to
31 December 2024
This report was filed on 20 February 2025
and approved by Daniel O'Donovan
Payment statistics
Average time taken to pay invoices: 44 days
Invoices paid:
- within 30 days: 23%
- in 31 to 60 days: 58%
- in 61 days or more: 19%
Invoices due but not paid within agreed terms: 2%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
End of month following invoice 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
75 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
For suppliers: Disputes or complaints should be raised with the individual who authorised the order, if this is not known then queries may be made to Oliver Connell and Son Ltd accounts payable team, who will raise the matter with the responsible individual. If this does not resolve the query, then the matter will be escalated to the director responsible for the relevant department. For Subcontractors: Before payment is processed, the quantity surveyor over-looking the site will notify the supplier with the payment that will be made regarding that month’s work; including justification for any withheld sums. Where the supplier disputes this value, the supplier is asked to provide evidence to the quantity surveyor to support their claims that the value of the payment should differ. If no agreement is met, a meeting will be held between Oliver Connell and Son Ltd Commercial director. If an agreement is still not met, the dispute will go to an adjudication tribunal to have an independent body assess the dispute.
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, 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