RESMED EPN LTD

Company number: 06863315

Reporting period:
1 July 2017 to 31 December 2017

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This report was filed on 3 July 2018

and approved by Andrew Huxter

Payment statistics

Average time taken to pay invoices: 30 days

Invoices paid:

• within 30 days: 50%
• in 31 to 60 days: 50%

Invoices due but not paid within agreed terms: 50%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

30 days from date of invoice unless there is significant delay in receiving the invoice. We request (but do not insist on) electronic invoices to avoid unnecessary delays.

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

30 days

No further comment provided

Any other information about payment terms

The company only has payments to one vendor in the period, with a significant connection to the UK.

Dispute resolution process

Disputes/complaints are referred to the Accounts Payable Manager, who will in turn escalate to the Financial Controller if necessary.

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.

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