INGEUS UK LIMITED
Company number: 04320853
Reporting period:
1 January 2020 to 30 June 2020
Report filed on:
29 July 2020
Approved by:
Greg Meyerowitz
Payment statistics
Average time taken to pay invoices: 36 days
Invoices paid:
- within 30 days: 67%
- in 31 to 60 days: 24%
- in 61 days or more: 9%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 33%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms are 30 days from date of supplier invoice. Historically, the company has agreed standard payment terms of immediate payment, 7 days, 14 days, 30 days, and 60 days from date of supplier invoice in individual cases by mutual agreement. Those standard payment terms continued in force during the reporting period.
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
60 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Any dispute in relation to payment arising is communicated to the supplier as soon as it becomes apparent and from that point is, in good faith, promptly resolved or negotiated to settlement involving where necessary internal escalation to the appropriate level of management.
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.
Yes, this business has signed up to: Prompt Payment Code
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