Company number: 00542141
and approved by Paul Adderley
Average time taken to pay invoices: 17 days
Invoices paid:
Invoices due but not paid within agreed terms: 41%
0 days
30 days
Mostly our supplies are from group companies. The items purchased locally from third parties are small compared to the business size. Example items purchased locally are: Consultancy services, temporary staff, stationary, marketing, company cars, building costs, travel and freight. If payment terms are not given on the invoice we assume 30 days.
Answer not provided
N/A
30 days
No further comment provided
We always attempt to pay suppliers in a timely fashion. Many invoices are recorded as immediate payment which is recorded by us as the invoice date. Within this reporting the 41% paid outside of agreed terms reflects the fact that it is not possible for us to pay suppliers on the day they raise the invoice. All invoices with immediate payment terms are included in the 41% reported as paid outside of agreed terms.
Disputes are minimal and are nearly all resolved within the finance department on an adhoc basis.
For example, signatories to The Prompt 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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No