Company number: 02867838
and approved by Jonathan Stockton
Average time taken to pay invoices: 28 days
Invoices paid:
Invoices due but not paid within agreed terms: 11%
7 days
60 days
Payment terms are agreed with suppliers and subcontractors as part of contract negotiations. Payment runs are typically done on a weekly basis
Answer not provided
N/A
60 days
No further comment provided
N/A
Freedom Group of Companies Limited takes prides in developing open and long lasting relationships with its suppliers and subcontractors. Freedom Group of Companies Limited actively seeks to resolve disputes by discussing them with the relevant supplier or subcontractor. This typically involves members of the procurement, accounts payable and commercial teams. Where necessary it is escalated to members of management. Where it is not possible to reach an agreement, a number of potential dispute resolution methods may be used, e.g. mediation, litigation or arbitration.
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.
Yes
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