POLYPIPE LIMITED
Company number: 01099323
Reporting period:
1 January 2020 to
30 June 2020
This report was filed on 30 July 2020
and approved by Paul James
Payment statistics
Average time taken to pay invoices: 49 days
Invoices paid:
- within 30 days: 16%
- in 31 to 60 days: 60%
- in 61 days or more: 24%
Invoices due but not paid within agreed terms: 70%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Our most commonly used standard payment terms are 30 days net end of month. Accordingly, our shortest standard payment period can be 30 days and our longest standard payment period can be 60 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
60 days
Based on our most commonly used standard payment terms being 30 days net end of month, the maximum contractual payment period agreed can be up to 60 days depending on date invoiced.
Any other information about payment terms
Of the invoices due in the reporting period but not paid within agreed terms, 68% were paid with seven days of their due date.
Dispute resolution process
We endeavour to resolve all disputes in a fair and timely manner. Disputes are resolved by discussion and agreement with a supplier and are typically managed by the relevant divisional accounts payable department.
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