Company number: SC128821
and approved by Andrew Michael Long
Average time taken to pay invoices: 55 days
Invoices paid:
Invoices due but not paid within agreed terms: 50%
10 days
90 days
We usually work to our suppliers' payment terms. In absence of formal terms we will apply 30 days.
Answer not provided
N/A
90 days
N/A
N/A
In the event of a dispute, the supplier would contact our AP department or their lead contact in our business. We would determine if a late payment was a result of administrative error, or dispute over the services. Where the late payment was administrative, we would request immediate payment from the AP team. Where there was a clear dispute over performance of the contract, we would agree a remediation/correction plan with our supplier. In the unlikely event that no agreement is reached with the supplier, we would involve our internal and external legal consultants over any expected litigation action.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No