Company number: 01752242
and approved by James Harvey
Average time taken to pay invoices: 61 days
Invoices paid:
Invoices due but not paid within agreed terms: 31%
60 days
Answer not provided
Standard payment terms are 60 days end of month. The maximum length is per our standard terms. There are no changes to our standard payment terms in the period to report.
Answer not provided
N/A
90 days
The maximum payment terms are 60 days end of month.
The previous Invoices due but not paid within the agreed terms was misstated as 16% and should have been 39%. This was due to an error on which data should have been included in the analysis.
We have a specific dispute resolution clause contained within each contract. The general principle of this clause is that we always try to resolve matters outside of the court, between the two parties informally.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No