Company number: 02287862
and approved by Yong Shen
Average time taken to pay invoices: 60 days
Invoices paid:
Invoices due but not paid within agreed terms: 56%
30 days
Answer not provided
60 days
Answer not provided
N/A
120 days
No further comment provided
N/A
All suppliers have our accounts payable contact details (phone number and email address). If a supplier has a dispute to resolve, in the first instance, they will contact the accounts payable team directly. If the dispute is not straight forward to resolve it will be escalated to the more senior members of the finance team or the relevant contact within the business. Stock suppliers will contact our Buying & Merchandising team who normally looks after that account. The measure here is based on invoice date, rather than date we receive the invoice - there are instances whereby invoices are received after the due date therefore the percentage of invoices not paid to terms is inflated as a result. The median days that invoices were paid late by were 5 days after the due date.
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