CAMBRIDGE CONSULTANTS LIMITED
Company number: 01036298
Reporting period:
1 January 2021 to 30 June 2021
Report filed on:
5 August 2021
Approved by:
Mammen Eapen
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 69%
- in 31 to 60 days: 29%
- in 61 days or more: 2%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 27%
Payment terms
Shortest standard payment periods
28 days
Longest standard payment period
61 days
Standard payment terms
Payment is made on the last day of the month following the month the invoice was dated.
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
61 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
We ask suppliers to log any complaints to a shared email inbox – ccl.accounts@cambridgeconsultants.com which is monitored throughout the day during office hours. We would expect to respond within 24 hours, even if we don’t have a full resolution within that time. If necessary, we might have to escalate internally if we can’t get approval for an invoice from the relevant Project Manager or Group Leader. We would aim to get any complaint fully resolved within 2 weeks.
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