Company number: 00703317
and approved by John Kimpton
Average time taken to pay invoices: 34 days
Invoices paid:
Invoices due but not paid within agreed terms: 25%
0 days
185 days
Telent Technology Services Limited does not have standard payment terms, these are set in negotiation with our suppliers. Within our Infrastructure Services business unit, payment terms range from 0 to 30 days for subcontractors, reflecting their size and the nature of the work carried out. These subcontractor payments make up circa 55% of the overall supplier payments made by the Company. The remainder of payments are made to suppliers with payment terms normally ranging from immediate to 90 days, with the exception of one supplier who has payment terms of 185 days applied to thirteen invoices, paid in the period.
Answer not provided
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185 days
No further comment provided
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Telent Technology Services Limited is committed to resolving any disputes with suppliers as part of the following process: - Mediation between the Account and Project managers with the supplier, to understand the nature of the dispute with view to proposing required solution, - Commercial and Procurement teams are consulted and/ or involved as required, and - If no resolution is achieved then senior management is consulted to explore any further solutions.
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