Company number: 01102060
and approved by Vicky Stokes
Average time taken to pay invoices: 60 days
Invoices paid:
Invoices due but not paid within agreed terms: 57%
45 days
75 days
Most suppliers are paid on terms 45 day End of Month
Answer not provided
N/A
75 days
Maximum contractual payment period is 60 day End of Month i.e. actual net days ranges from 60 to 90.
N/A
Suppliers raise issue of non-payment to accounts payable, who look into the reason to assess why items have not been paid. If the reason for non-payment is that costs have been disputed by one of our sites we refer the supplier to that site manager for the issue with the disputed charges to be resolved. Payment will only be issued once the site manager has agreed to dismiss the original query or a partial credit for the disputed cost has been received from the supplier.
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