CARLISLE BRASS LIMITED

Company number: 02022858

Reporting period:
1 January 2021 to 30 June 2021

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This report was filed on 19 July 2021

and approved by Charlotte Crisp

Payment statistics

Average time taken to pay invoices: 39 days

Invoices paid:

• within 30 days: 39%
• in 31 to 60 days: 43%
• in 61 days or more: 18%

Invoices due but not paid within agreed terms: 61%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

90 days

Standard payment terms

Standard contractual terms for the majority of foreign goods is 60 days. For UK goods and services it is 30 days. The maximum contractual period is 90 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

90 days

No further comment provided

Any other information about payment terms

In previous reports it was noted that there had been a deterioration in the percentage of invoices paid within terms compared to previous periods due to the impact of COVID-19. The business was closed throughout April and for most of May 2020, with the majority of staff furloughed during this period. As a result, our normal supplier invoice approval and payment processes were temporarily suspended. We are pleased to note that our supplier payment performance over the first half of 2021 has returned to more normalised levels. Over 55% of suppliers are paid within a week of the due date.

Dispute resolution process

The main point of contact for disputes is accounts payable at Carlisle Brass. When an invoice is disputed, the supplier will be contacted by either accounts payable for non-stock items or directly by the supply chain member who is assigned to their account for stock items. They will indicate the invoice number and reason for rejection. To resolve a dispute, the supplier is required to provide any missing information or a corrected invoice. Carlisle Brass follow a no PO no pay policy. The PO number is logged on a spreadsheet and should be quoted on every invoice.

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