CDS (SUPERSTORES INTERNATIONAL) LIMITED
Company number: 02699203
Reporting period:
1 August 2019 to 31 January 2020
Report filed on:
25 June 2020
Approved by:
Chris Dawson
Payment statistics
Average time taken to pay invoices: 37 days
Invoices paid:
- within 30 days: 46%
- in 31 to 60 days: 48%
- in 61 days or more: 6%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 18%
Payment terms
Shortest standard payment periods
45 days
Longest standard payment period
Answer not provided
Standard payment terms
Nett Monthly goods delivered month 1 are paid at the end of month 2
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
105 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
We have a dedicated team who pay and deal with suppliers, so most know who to contact directly for any disputes. In addition we also have a generic email for account queries. All queries/items are dealt with daily and any disputes which account teams are not able to resolve between themselves are escalated to the relevant buyer and sales rep to resolve.
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 Fair 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.
Yes
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