Company number: 06532413
and approved by Donna Richards
Average time taken to pay invoices: 106 days
Invoices paid:
Invoices due but not paid within agreed terms: 15%
30 days
Answer not provided
Payment terms are agreed with suppliers during contract negotiations. Our standard payment terms are 30 days from the date of invoice. Professional Disbursements however carry different terms for settlement. In accordance with standard procedures for law firms and in accordance with Solicitors Regulation Authority (SRA) Accounts Rules, Carpenters pays Professional Disbursements within two days of receipt of payment into client account. This approach leads to a higher percentage of payments appearing in the overall "61 days or more" category.
Answer not provided
N/A
30 days
No further comment provided
Maximum days relates to trade payments. Professional disbursements, as noted above, are paid out within two days of receipt.
The firm's Purchase Ledger team is the first point of call for any disputes regarding payment to suppliers. E-mails can be sent to FinanceHelpdesk@carpentersgroup.co.uk Complaints are escalated to the relevant department head and if necessary the Finance Director.
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