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ARCHER (UK) LIMITED

Company number: SC229291

Reporting period:
1 July 2018 to 31 December 2018

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This information is as reported by the business, and responses are in their own words.

This report was filed on 18 January 2019

and approved by Kenny Dey

Payment statistics

Average time taken to pay invoices: 33 days

Invoices paid:

• within 30 days: 25%
• in 31 to 60 days: 74%
• in 61 days or more: 1%

Invoices due but not paid within agreed terms: 76 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

30 days

Standard payment terms

Standard payment terms are 30 days. A small number of contractors (accounting for less than 2% of the total number of invoices processed) have payment terms of 7 or 14 days.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

30 days

Any other information about payment terms

N/A

Dispute resolution process

Our aim is to deal with any invoice disputes and queries in a prompt manner. Queries are dealt with either by the invoice processing team or the member of staff responsible for commissioning the work/service or ordering the goods.
Queries would be escalated as appropriate within the organization to try to ensure queries are resolved in a timely manner.

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

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