LAURA ASHLEY LIMITED
Company number: 00531301
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
24 January 2019
Approved by:
SEÁN ANGLIM
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 40%
- in 31 to 60 days: 48%
- in 61 days or more: 12%
Late and disputed:
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
Answer not provided
Standard payment terms
Default/standard contractual payment terms are 60 days from date of invoice Any changes requested by the suppliers to standard contractual terms need to be agreed by the Finance Director Any changes to standard payment terms will be notified to all suppliers affected
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
No further comment provided
Dispute resolution process
Suppliers will contact our Accounts Payable team who will endeavour to resolve the problems If the problems cannot be resolved, the Finance team wil escalate the matter to Senior Management / Directors
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.
Yes
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