Company number: 02086754
and approved by Sarah Spittle
Average time taken to pay invoices: 68 days
Invoices paid:
Invoices due but not paid within agreed terms: 61%
7 days
120 days
No standard payment terms exist, with terms negotiated on an individual supplier basis.
Answer not provided
N/A
120 days
No further comment provided
The company pays the majority of its suppliers using a weekly BACS payment run. All invoices due and cleared for payment at this time are processed in the payment run. Operating a once a week BACS payment run can result in invoices being paid up to one week late, which materially impacts the company’s payment statistics. 85% of invoices were paid within 7 days of the due dates during the period.
Complaints or concerns should be communicated to the Accounts Payable team, quoting the purchase order number, invoice details and the company contact who requested the goods or services. The Accounts Payable team will then escalate to the relevant department to resolve any outstanding issues around price, quantity or delivery.
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