ACTION FOR CHILDREN
Company number: 04764232
Reporting period:
1 April 2018 to 30 September 2018
Report filed on:
29 April 2019
Approved by:
Daleep Mukarji
Payment statistics
Average time taken to pay invoices: 45 days
Invoices paid:
- within 30 days: 65%
- in 31 to 60 days: 21%
- in 61 days or more: 14%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 63%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
30 days
Standard payment terms
5.1 Where the Supplier submits an invoice to the Customer, that invoice must include the following information: 5.1.1 Supplier’s company address 5.1.2 Contract reference number 5.1.3 Action for Children purchase order number 5.1.4 Invoice number 5.1.5 Invoice Date 5.1.6 Description of the works completed 5.1.7 Invoice total 5.1.8 Prompt payment discount figure (if applicable) 5.1.9 VAT Registration Number 5.1.10 VAT Breakdown (if applicable) 5.1.11 VAT Total (if applicable) 5.2 The Customer shall pay the Supplier any sums due in UK pounds sterling under such an invoice by Banks Automated Clearing Service (BACS) no later than a period of 30 days from the date on which the Customer has determined that the invoice is valid and undisputed. 5.3 Where the Customer pays the Supplier sums due under such an invoice before 30 days from the date of the invoice has expired, the total invoice value will be reduced by 5%. 5.4 The Customer will have no liability to pay any sums in respect of any invoices that are not submitted in the agreed format or without correct supporting information detailed in this agreement 5.5 The Supplier must send all invoices and statements to the Action for Children Accounts Department at the following address: 5.5.1 In the case of paper invoices: Accounts Department, Action for Children, 3 The Boulevard, Ascot Road, Watford WD18 8AG 5.5.2 In the case of electronic invoices: payments@actionforchildren.org.uk
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
A payment dispute would be referred to the Accounts Payable team in the first instance. In the event that the Accounts Payable team fail to resolve the payment dispute and the amount is substantial and/or complex, the matter will be referred to the Legal Team to consider legal action or alternative next steps.
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