EVERYDAY LENDING LIMITED
Company number: 05850869
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
9 June 2025
Approved by:
Chris Pearson
Payment statistics
Average time taken to pay invoices: 25 days
Invoices paid:
- within 30 days: 95%
- in 31 to 60 days: 2%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 5%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Our standard payment terms are 30 days
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
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
If a supplier has a complaint, the ELL finance department will respond back and advise that a complaint email from them has been received and it will be investigated as a matter of priority. This ensure suppliers are notified that any escalation has been acknowledged. The ELL Finance department will check the Vendor ledger to see if the invoice has been processed and whether it is awaiting approval or has been paid - ELL will then respond back to the supplier with findings or a further information request may be made EG Supplier Statement of account. If the invoice in concern is not on the vendor ledger, the finance department will check the dedicated email inbox that collects all vendor invoices. as they save all the emails per vendor, to see if they sent the document in. If further comfort is required, the ELL Finance department will further request a supplier Statement of account to reconcile accounts to ensure both Supplier account and ELL vendor account are in sync. If they are not ELL will work with the supplier to ensure how accounts were reconciled. If the ELL finance department have not received an email with the invoice attached , they will request a copy of the invoice from the supplier and also cross check with the supplier how the invoice was sent to ELL to understand whether or not the correct email address is being used. The ELL Finance department will ensure any supplier related issues are resolved within 48 hours, unless there is a further information request made to the Vendor, that has not been sent.
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