BUZZACOTT LLP
Company number: OC329687
Reporting period:
1 April 2024 to 30 September 2024
Report filed on:
28 April 2025
Approved by:
Peter James Chapman
Payment statistics
Average time taken to pay invoices: 27 days
Invoices paid:
- within 30 days: 73%
- in 31 to 60 days: 21%
- in 61 days or more: 6%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 27%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
30 days
Standard payment terms
For small suppliers if the invoice is submitted and authorised for payment by Thursday in the week we will include in the payment run on Friday
For large suppliers we will pay authorised invoices 30 days after the month end in which the invoice date falls.
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
60 days
This is currently 60 days but exists with no more than five suppliers.
Any other information about payment terms
No further comment provided
Dispute resolution process
Suppliers wishing to dispute or complain should contact Ian Mursell, the Payments and Purchase Ledger Supervisor at murselli@buzzacott.co.uk who will take you through the steps required to resolve any 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 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