ENDERBY WHARF LLP
Company number: OC386075
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
23 January 2019
Approved by:
Jessica White
Payment statistics
Average time taken to pay invoices: 50 days
Invoices paid:
- within 30 days: 38%
- in 31 to 60 days: 31%
- in 61 days or more: 31%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 76%
Payment terms
Shortest standard payment periods
5 days
Longest standard payment period
35 days
Standard payment terms
Purchase order payment terms:
Payment terms are 35 days End of Month, therefore payments are made on the 5th working day following the calendar month end the invoice was raised.
Subcontract order payment terms:
Payment of any amount ascertained in accordance with the Contract under an Interim Application (if any) to the Contractor shall become due 21 days after the Application Date. The application date for interim payments to be paid on a monthly basis is the 25th working day of each month. In the case of interim payments to be made on a bimonthly basis, the application date is the 12th or 25th of the month.
The final date for payment of an amount stated as due in a notice, shall be 14 days after the Payment Due 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
If a dispute arises between the parties, the parties will attempt, in good faith, to reach settlement as soon as possible between the LLP Contact and the Supplier Contact (who shall be authorised to settle such a dispute).
This dispute resolution procedure will be followed prior to commencing any legal proceedings.
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