Company number: 00444569
and approved by Philip Parker
Average time taken to pay invoices: 44 days
Invoices paid:
Invoices due but not paid within agreed terms: 15%
60 days
90 days
The Company negotiates and agrees payment terms with its suppliers as one element of its procurement process. As a result, payment terms vary by supplier. The most common payment term in place is 60 days.
From 1 December 2019, the company adopted the guidelines set by The Prompt Payment Code in respect of its standard payment terms. As such, the company will now pay all undisputed invoices within 60 days of receipt, as a minimum standard.
From 1 December 2019, the company reduced its payment terms to 60 days for all suppliers where payment terms were previously in excess of this. Suppliers were notified by letter.
90 days
Maximum contractual payment period reduced to 60 days from 1 December 2019.
N/A
Supplier invoices and payments are managed by the Accounts Payable team at Ashtead Plant Hire Company Limited’s Support Office at 102 Dalton Avenue, Birchwood Park, Birchwood, Warrington, WA3 6YE (tel: 01925 281000). Disputed invoices will be notified to the supplier by the individual who initiated the purchase transaction to ensure that they are investigated in a timely manner and resolved. Invoiced items that are subject to dispute will not be paid until resolution of the dispute, whereupon payment shall be made in accordance with this policy.
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