Published reports

ENVA SCOTLAND LIMITED

Company number: SC057052

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 April 2020 to 30 September 2020

Report filed on:

27 October 2020

Approved by:

Simon Woods

Payment statistics

Average time taken to pay invoices: 64 days

Invoices paid:

within 30 days: 16%
in 31 to 60 days: 50%
in 61 days or more: 35%

Late and disputed:

payments due in the reporting period which have not been paid within the agreed period: 33%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

45 days

Standard payment terms

We operate a variety of standard payment terms, these range between 30 and 45 days depending on supplier. On occasion we may pay suppliers under shorter terms to meet business needs.

Were there any changes to the standard payment terms in the reporting period?

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

45 days

n/a. Maximum contractual is aligned with the longest standard payment period.

Any other information about payment terms

n/a

Dispute resolution process

Our purchase ledger team liaise with suppliers to reach an agreement in order to facilitate payment asap.

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.

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.

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?