INTERNATIONAL RESCUE COMMITTEE, U.K.
Company number: 03458056
Reporting period:
1 April 2020 to
30 September 2020
This report was filed on 2 December 2020
and approved by Naima Siddiqi
Payment statistics
Average time taken to pay invoices: 10 days
Invoices paid:
- within 30 days: 98%
- in 31 to 60 days: 1%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 12%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
30 days
Standard payment terms
Direct debits typically have payment terms of 14 days, but are deducted directly from our account. Diversity Travel is paid 10 days from the close of the half monthly period. Other suppliers are typically 28 or 30 days, with a small number with 7 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
30 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
We request for the latest supplier statement from the supplier and reconcile it with our accounting system. Once resolved, we pay the invoice(s). Depending on the nature of the dispute and our relationship with the supplier, we may pay the disputed invoice before the dispute is resolved if it is past due. Disputes and complaints are normally resolved within 30 days. We send remittance advice to suppliers after each payment run showing invoices settled and amounts. When requested, we provide suppliers with evidence of payments made, e.g. bank statements showing outgoing funds.
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.
Yes, this business has signed up to: DFID code of conduct for suppliers
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