Company number: 02539870
and approved by Philip Byrom
Average time taken to pay invoices: 63 days
Invoices paid:
Invoices due but not paid within agreed terms: 31%
60 days
65 days
The standard payment terms for Suppliers are payment at the end of the month following date of invoice. The standard payment terms for sub-contractors are 60 days from receipt of invoice.
Answer not provided
N/A
65 days
No further comment provided
N/A
Suppliers - We have an accounts team who process and query invoices in a timely manner. On occasions, disputes may be escalated to senior management. Sub-contractors - Again, our accounts team deal with the daily processing and queries, but it is the responsibility of the contract quantity surveyor to issue payment notices and payless notices to each sub-contractor. If they are unable to resolve a dispute, the sub-contract adjudication process is followed.
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