ZAYO GROUP UK LIMITED

Company number: 03726666

Reporting period:
1 January 2023 to 30 June 2023

This information is as reported by the business, and responses are in their own words.

This report was filed on 31 July 2023

and approved by Robert Merkel

Payment statistics

Average time taken to pay invoices: 53 days

Invoices paid:

within 30 days: 41%
in 31 to 60 days: 41%
in 61 days or more: 18%

Invoices due but not paid within agreed terms: 68%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

90 days

Standard payment terms

Zayo Group UK Ltd's standard payment terms is 30 days from the date a correct invoice is received. There are some vendors who provide competitive payment terms, i.e. between 30 and 90 days. During the 1H2023, Zayo cleared a lot of disputed invoices which have been outstanding for many years.

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

90 days

Any other information about payment terms

Dispute resolution process

At Zayo Group UK Ltd, we aim to resolve invoice disputes or queries in a timely manner to ensure payments to vendors are made at the earlier opportunity. Most of the disputes are related to invoicing above the PO value, incorrect agreed amounts, overcharging for utilities, VAT, etc... Depending on the type of disputes, we will have someone from the respective departments contact the vendor in order to resolve any 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.

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.

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?