PINEWOOD GROUP LIMITED
Company number: 03889552
Reporting period:
1 April 2019 to
30 September 2019
This report was filed on 18 December 2019
and approved by Barbara Inskip
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 50%
- in 31 to 60 days: 42%
- in 61 days or more: 8%
Invoices due but not paid within agreed terms: 29%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Our most common agreed payment terms are 60 days from the invoice date
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
Our most common agreed payment terms are 60 days from the invoice date
Any other information about payment terms
A number of suppliers have agreed payment terms of 14 days
Dispute resolution process
Disputes are resolved with the supplier via negotiation, involving the relevant business unit, Accounts Payable, Procurement and Legal as necessary. Contact details, including email, are provided to all suppliers for Accounts and for Procurement and Legal as appropriate. Disputes can be escalated to the Chief Financial Officer. Contract terms contain provisions relating to disputes and allow for interest to be charged on overdue payments.
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 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.
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