Company number: NI011639
and approved by Simon Luscombe
Average time taken to pay invoices: 63 days
Invoices paid:
Invoices due but not paid within agreed terms: 68%
60 days
75 days
Standard payment terms are end of second month following (75 day average), from the date of receiving an invoice for 'goods for resale', and 60 days from date of receiving an invoice for 'goods not for resale'.
Answer not provided
N/A
105 days
The company raises payment instructions in line with the agreed payment terms, which make no allowance for fund transmission times. The funds are available to suppliers between 1 and 3 days after the payment terms date depending upon the method of transmission. Supplier would be notified through contract negotiations, should there be any changes to their payment terms. Any other information about payment terms N/A
N/A
Where non-payment is caused by invoicing inaccuracy suppliers are immediately informed of held items through the EDI (Electronic Data Interchange) system. Once resolved, payment will be made in accordance with the terms of the contract, unless the invoice is overdue where it will be paid in the next available payment run.
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