STAFFLINE RECRUITMENT LIMITED
Company number: 03996086
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
30 January 2025
Approved by:
Ben De Lucchi
Payment statistics
Average time taken to pay invoices: 17 days
Invoices paid:
- within 30 days: 79%
- in 31 to 60 days: 19%
- in 61 days or more: 2%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 15%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
60 days
Standard payment terms
Payment terms vary depending on the type of supplier. 2nd tier agency and transport suppliers are typically on 14 day terms where as other suppliers are on 30-60 days.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
During the first half of 2024 the frequency of payment runs changed from weekly to twice monthly (mid-month and end of month). This is the first full payment period which reflects this change in payment frequency and the reason for the increase in the number of invoices paid over 30 days.
Dispute resolution process
Disputes are resolved on a case by case basis by the purchase ledger team with input from the appropriate approving manager.
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 Fair 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