CARPENTERS LIMITED

Company number: 06532413

Reporting period:
1 July 2022 to 31 December 2022

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This report was filed on 27 January 2023

and approved by Donna Richards

Payment statistics

Average time taken to pay invoices: 13 days

Invoices paid:

• within 30 days: 99%
• in 31 to 60 days: 1%

Invoices due but not paid within agreed terms: 2%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

Business supplier payment terms range between 15-30 Days. We also work with suppliers who require variable payment terms. The figures provided exclude Counsel & Expert fees (Professional Disbursements) who are on variable agreements and they are paid within two working days from receipt of costs.

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

Maximum days relates to trade payments. Professional disbursements, as noted above, are paid out within two days of receipt. Payment for professional disbursements are made under SRA Regulation.

Any other information about payment terms

N/A

Dispute resolution process

The firm's Purchase Ledger team is the first point of call for any disputes regarding payment to suppliers. E-mails can be sent to FinanceHelpdesk@carpentersgroup.co.uk Complaints are escalated to the relevant department head and if necessary the Finance Director.

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