WHITEMOUNTAIN QUARRIES LTD
Company number: NI018140
Reporting period:
1 July 2024 to
31 December 2024
This report was filed on 29 January 2025
and approved by J E Brotherton
Payment statistics
Average time taken to pay invoices: 55 days
Invoices paid:
- within 30 days: 10%
- in 31 to 60 days: 64%
- in 61 days or more: 26%
Invoices due but not paid within agreed terms: 75%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
Answer not provided
Standard payment terms
EOM 30 Days
Were there any changes to the standard payment terms in the reporting period?
We moved from EOM 45 Days to EOM 30 Days. Compared to H2 2023 and H1 2024 our average days to pay reduced by 10 days from 65 to 55, although percentage paid late in this period has increased to 77%. These late payment in the most relate to invoices being paid 4-6 days outside our new payment terms. We hope that with actions currently being discussed we will see a large decrease in invoices paid late in the next reporting period
Were suppliers notified or consulted about these changes before they were made?
Letter
Maximum contractual payment period agreed
75 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
In the first instance concerns should be raised with the accounts payable team via the dedicated email inbox invoices@breedongroup.com who will aim to resolve the query in a timely manner. If the team are unable to resolve the matter, it can be escalated initially to the Financial Controller, Finance Director and ultimately the Managing Director.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
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.
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
Does this business offer supply chain finance?
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
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No