Company number: 02539870
and approved by Philip Byrom (CFO)
Average time taken to pay invoices: 56 days
Invoices paid:
Invoices due but not paid within agreed terms: 3%
60 days
65 days
The standard payment terms for purchase ledger are payment at the end of the month following date of invoice. The standard payment terms for the sub-contract ledger are for payment within 60 days from receipt of invoice.
Answer not provided
N/A
65 days
No further comment provided
N/A
Purchase Ledger - We have an Accounts team who process and query invoices in a timely manner. Queries are discussed with our own site team, Buying department and the supplier's themselves. Sub-contract Ledger - There is an Accounts team who deal with the day to day queries, but it is a requirement of the appropriate quantity surveyor to issue payment notices to each sub-contractor. If we 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.
Yes
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