CARR'S GROUP PLC
Company number: 00098221
Reporting period:
4 September 2022 to 4 March 2023
Report filed on:
29 March 2023
Approved by:
David White
Payment statistics
Average time taken to pay invoices: 17 days
Invoices paid:
- within 30 days: 81%
- in 31 to 60 days: 19%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 25%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
60 days
Standard payment terms
Carr’s Group plc typically operates under supplier terms which are agreed on a case by case basis and most commonly 30 days. Efforts are made to ensure that all undisputed invoices are paid within 30 days of receipt. Some suppliers have standard terms which exceed 30 days.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Where any supplier has any disputes or concerns regarding our payment processes, contact can be made with either the person responsible for the contract within Carr’s Group plc or our Accounts Department. Efforts will be made in the first instance (typically within 5 working days) to seek resolution in a timely and collaborative manner and with a view to maintaining a good working relationship. In the event that resolution cannot be achieved, the matter will be escalated to management or above (typically with a view to achieving resolution within a further 10 business days). Efforts at resolution may involve meeting to discuss issues. Where a dispute resolution process is prescribed by contract, efforts will be made to follow that process with a view to achieving 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 Fair 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