STOLZLE FLACONNAGE LIMITED
Company number: 02973822
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
14 May 2019
Approved by:
T Riss
Payment statistics
Average time taken to pay invoices: 73 days
Invoices paid:
- within 30 days: 4%
- in 31 to 60 days: 22%
- in 61 days or more: 74%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 98%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Our standard payment terms in our T&Cs with new suppliers are 60 days EOM. This is dependant on the urgency and scale of supply and materials purchased.
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
Resolution of disputes and complaints regarding service, supply and quality are handled by our Purchasing Department (via email/telephone). Resolution of disputes and complaints regarding invoice queries aare handled by our Finance Department, following supplier statement reconciliation.
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