EPTA GEORGE BARKER LTD

Company number: 00726533

Reporting period:
1 January 2021 to 30 June 2021

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

This report was filed on 5 August 2021

and approved by Simon Taylor

Payment statistics

Average time taken to pay invoices: 55 days

Invoices paid:

within 30 days: 22%
in 31 to 60 days: 50%
in 61 days or more: 28%

Invoices due but not paid within agreed terms: 83%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

30 days from end of month of invoice

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

120 days

No further comment provided

Any other information about payment terms

Invoices are paid on the first payment run after the due date. Payment runs are generated weekly.

Dispute resolution process

Invoices are processed by Epta Group's centralised processing centre in Budapest, Hungary. Supplier queries or complaints are dealt with by this team in the first instance. If necessary the problem can be escalated to UK Finance Department to achieve a resolution.

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.

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?