Company number: 03116767
and approved by Charles Noble
Average time taken to pay invoices: 50 days
Invoices paid:
Invoices due but not paid within agreed terms: 7%
0 days
60 days
Standard payment terms range from 14 to 60 days dependent on sector in which the supplier operates
Yes, contractual standard payment terms have changed from 60 days from receipt of an invoice to: the Company shall pay the price to the Supplier in the Company’s next weekly payment run following the 60th day of the date of receipt of a valid invoice or confirmed receipt of the Goods and/or Services whichever is the later.
The change in communication to the suppliers was managed by the procurement team. The new terms and conditions have also been communicated via the company website.
60 days
No further comment provided
N/A
Any complaints received and investigated by our accounts payable team. These are escalated to the head of procurement if appropriate.
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