PERMASTEELISA (UK) LIMITED
Company number: 02423388
Reporting period:
1 April 2024 to 30 September 2024
Report filed on:
30 April 2025
Approved by:
John Edward Conboye
Payment statistics
Average time taken to pay invoices: 52 days
Invoices paid:
- within 30 days: 29%
- in 31 to 60 days: 46%
- in 61 days or more: 25%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 67%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
Answer not provided
Standard payment terms
Our payment terms are specifically agreed with our suppliers, with the most common being 30 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
119 days
No further comment provided
Any other information about payment terms
In this reporting period, 75% of invoices were paid within 60 days of receipt. However, this covers 91% of the total monetary value of invoices paid in the period. Further, while 29% of invoices were paid within 30 days, these represent 68% of the total monetary value of invoices paid in the period. Additionally, 49% of overdue invoices by value are paid within 7 days of terms, with 69% of overdue invoices by value being paid within 14 days of terms.
Dispute resolution process
Any dispute relating to payments is reviewed internally by finance and legal teams. We aim to resolve disputes promptly through direct communication with the supplier. If resolution cannot be achieved internally, the matter may be escalated to mediation or arbitration in accordance with UK law.
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