EQUIP OUTDOOR TECHNOLOGIES UK LIMITED
Company number: 01168470
Reporting period:
1 February 2020 to 31 July 2020
Report filed on:
19 August 2020
Approved by:
Andy Styan
Payment statistics
Average time taken to pay invoices: 33 days
Invoices paid:
- within 30 days: 48%
- in 31 to 60 days: 44%
- in 61 days or more: 8%
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: 62%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
The most frequently used payment term is 30 days Our shorted is 'pay on receipt' and a small number of our contracts are 60 days or 90 days
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
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
If there are any disputes or complaints then these are handled by the Treasury and Accounts Payable team, who will look into the issue and try and resolve it. If the TAP team are unable to resolve the issue it will then be passed on to the Finance Director. Disputes and complaints are dealt with as soon as they are received.
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