ZAYO GROUP UK LIMITED

Company number: 03726666

Reporting period:
1 July 2022 to 31 December 2022

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This report was filed on 26 January 2023

and approved by Robert Merkel

Payment statistics

Average time taken to pay invoices: 27 days

Invoices paid:

• within 30 days: 77%
• in 31 to 60 days: 18%
• in 61 days or more: 5%

Invoices due but not paid within agreed terms: 18%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

90 days

Standard payment terms

Zayo Group UK Ltd's payment term is 30 days from the date of receiving a correct invoice. However, there are vendors whose payments terms vary between immediate payments and 30 days and 90 days. The average payment days during this reporting period was 27.

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 aim to resolve invoices disputes or queries in a timely manner to ensure payments to vendors are made at the earlier opportunity. Depending on the type of disputes, the vendor will be contacted by someone from the respective departments/Procurement, Supplier Maintenance in order to resolve any queries/disputes.

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