ANGLO AMERICAN MARKETING LIMITED

Company number: 00405724

Reporting period:
1 January 2022 to 30 June 2022

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This report was filed on 28 July 2022

and approved by Debra Drake

Payment statistics

Average time taken to pay invoices: 76 days

Invoices paid:

• within 30 days: 61%
• in 31 to 60 days: 19%
• in 61 days or more: 20%

Invoices due but not paid within agreed terms: 20%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

60 days

Standard payment terms

30 days from end of month

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

60 days

60 days from end of month

Any other information about payment terms

The significant increase in Average Payment days was due to an exercise to repay intercompany group recharges from prior periods owing to AASUK. Isolating this exceptional repayment trend, the average payment days would have been 26 days.

Dispute resolution process

In the event of a dispute between AAML and a supplier, the parties will discuss and resolve the dispute based on the specific circumstances and in accordance with the terms of the contract. This process will typically be managed with the end user.

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