ZAYO GROUP UK LIMITED
Company number: 03726666
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
31 January 2025
Approved by:
Jennifer Smith
Payment statistics
Average time taken to pay invoices: 33 days
Invoices paid:
- within 30 days: 50%
- in 31 to 60 days: 27%
- in 61 days or more: 23%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 35%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
90 days
Standard payment terms
The standard payment term for Zayo Group UK Ltd is 30 days from the date of receiving a correct AP invoice. However, there are some vendors whose payment terms vary between immediate payment on receiving the invoices and 30 to 90 days. The average payment days during the reporting period was 33.
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
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The company aims to resolve any invoice disputes or queries in a timely manner in order to ensure payments to vendors are made at the earlier opportunity. Depending on the type of disputes, the vendor will be contacted by someone from the respective team, i.e. Procurement, Supplier maintenance in order to resolve any queries/disputes.
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