Company number: 03147949
and approved by John Diviney
Average time taken to pay invoices: 38 days
Invoices paid:
Invoices due but not paid within agreed terms: 62%
40 days
Answer not provided
The standard payment terms agreed with most suppliers are 40 days. The company operates a weekly supplier payment run by BACS which will include all processed invoices due when the payment run is compiled (barring those on hold or in dispute). There are some notable exceptions to these terms: - Franchise fees for many of the brands operated by the company are paid monthly on a date set by the franchisor. - Direct Debits are utilized where deemed required and fit for purpose.
Answer not provided
N/A
60 days
No further comment provided
N/A
Disputes are resolved through regular supplier statement reconciliation, investigation of outstanding invoices and checking of supporting documentation for evidence of delivery, confirmation of order price etc. Disputes that cannot be resolved by the Accounts Payable function are escalated to the senior management team for guidance and support in negotiations with suppliers.
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