THOMPSON AND CAPPER LIMITED

Company number: 00235815

Reporting period:
1 April 2019 to 30 September 2019

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This report was filed on 13 May 2020

and approved by Karen Leay

Payment statistics

Average time taken to pay invoices: 42 days

Invoices paid:

• within 30 days: 10%
• in 31 to 60 days: 81%
• in 61 days or more: 9%

Invoices due but not paid within agreed terms: 96%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

106 days

Standard payment terms

No standard payment terms. Negotiated on a supplier by supplier basis although 80% of our suppliers are on either net 30 days or 30th of month following invoice.

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

106 days

No further comment provided

Any other information about payment terms

Generally, invoices are paid in the first payment run following the due date. Typically, payment runs are made weekly. Consequently, invoices will normally be overdue but only for a short period of time.

Dispute resolution process

The accounts payable team works closely with the procurement team and the supplier to resolve queries in a timely manner. The accounts payable team are available by email or phone.

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