UPP RESIDENTIAL SERVICES LIMITED
Company number: 05337048
Reporting period:
1 September 2024 to 28 February 2025
Report filed on:
20 March 2025
Approved by:
Alexander Hare
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 61%
- in 31 to 60 days: 30%
- in 61 days or more: 9%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 15%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
91 days
Standard payment terms
The Company shall pay the Supplier the Purchase Order Price in respect of Goods and/or Services which have been delivered and accepted in accordance with these conditions and for which the Company has received a valid and correct invoice 60 (sixty) days from the end of the month in which the invoice is dated.
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
91 days
The 14% of invoices due but not paid within agreed terms, referred to above, relate to invoices that are being queried or are in dispute.
Any other information about payment terms
No further comment provided
Dispute resolution process
We engage with suppliers constructively with all invoices that are under dispute. Invoices should be presented promptly to the address indicated on the purchase order and must contain a valid purchase order number. If invoices are non-compliant, they will be returned unprocessed, which may impact the payment date. We endeavour to resolve any disputes in a fair and timely manner. In the event of specific dispute, the supplier should contact the individual who is the main point of contact as identified on the purchase order. Payment will be made when the dispute is resolved.
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