Company number: 00008614
and approved by Matthew Director
Average time taken to pay invoices: 56 days
Invoices paid:
Invoices due but not paid within agreed terms: 60%
0 days
90 days
Stadco Limited typically uses standard terms of EOM60. There are other items in place such as EOM30 or NOW (due immediately) but typically it is EOM60 in the large majority of cases.
Answer not provided
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90 days
No further comment provided
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For the supply of direct items we have a number of Business Operating Systems processes and an interactive supplier portal that deals with the complaint. All the activities throughout the process are date stamped for both target close out and actual so we can monitor performance. This is a cross functional activity which can invlove Quality, MP&L and Purchasing. For indirect items the purchasing function endevaours to resolve any disputes. These are tabled to purchasing through all functions of the business. In the event that purchasing cannot resolve the issue then this is escalated for support to the seniors within our business and our Corporate Legal Dept.
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