CLIPFINE LIMITED
Company number: 01211133
Reporting period:
1 December 2024 to 31 May 2025
Report filed on:
30 June 2025
Approved by:
Thomas MacCarron
Payment statistics
Average time taken to pay invoices: 36 days
Invoices paid:
- within 30 days: 50%
- in 31 to 60 days: 42%
- in 61 days or more: 8%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 37%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Payment is due 30 days from invoice date
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
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
"We have a structured and transparent process in place to manage and resolve payment-related disputes promptly and fairly. Upon identification of a dispute, the relevant issue is logged and acknowledged accordingly by our finance or procurement team. We then engage directly with the supplier to clarify the nature of the dispute, request any supporting documentation, and seek a resolution.
Each case is reviewed by an assigned team member with appropriate authority. If the matter is more complex or requires escalation, it is referred to a senior manager within the finance or commercial team. We maintain open lines of communication with suppliers throughout and provide regular updates on progress.
Our goal is always to resolve disputes amicably and swiftly, with minimal disruption to ongoing supplier relationships."
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