BILLERICAY DENTAL SUPPLY CO. LIMITED

Company number: 01196676

Reporting period:
1 October 2018 to 31 March 2019

This information is as reported by the business, and responses are in their own words.

This report was filed on 29 April 2019

and approved by Paul Adams

Payment statistics

Average time taken to pay invoices: 41 days

Invoices paid:

within 30 days: 50%
in 31 to 60 days: 40%
in 61 days or more: 10%

Invoices due but not paid within agreed terms: 25%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

90 days

Standard payment terms

End of month +30 days

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

90 days

Any non-standard terms are agreed mutually but no not exceed 90 days.

Any other information about payment terms

N/A

Dispute resolution process

The accounts payable team receive supplier queries via a dedicated email mailbox and will use the internal workflow system to direct and track these to the relevant department or individual who will then seek to resolve the query. Typically this will involve our Procurement department for stock suppliers.

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 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.

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.

Yes

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.

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?