AFFINITY FOR BUSINESS (RETAIL) LIMITED
Company number: 09933767
Reporting period:
1 April 2019 to 30 September 2019
Report filed on:
30 October 2019
Approved by:
Helen Gillett
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 65%
- in 31 to 60 days: 29%
- in 61 days or more: 6%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 32%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
30 days
Standard payment terms
30th of month following receipt of invoice
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
30th of month following receipt of invoice
Any other information about payment terms
Where suppliers are paid by direct debit, the direct debit payment days are taken as the payment due days.
Dispute resolution process
If there is a dispute on an invoice, the Accounts Payable team will contact the person who raised the Purchase Order and the Supplier and liaise with them to try and resolve the dispute. If Accounts Payable cannot resolve it, the invoice will be returned to the Supplier as unpaid and the matter will be referred to the Cost Centre Manager for their assistance. A meeting then will be set up between the Supplier, Cost Centre Manager and Accounts Payable. Once the dispute is settled, the invoice will be paid in the next available payment run.
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