Company number: 01305027
and approved by Robert Fletcher
Average time taken to pay invoices: 76 days
Invoices paid:
Invoices due but not paid within agreed terms: 20%
30 days
Answer not provided
The Group operates a number of payment terms with its suppliers and they vary due to local laws, the products and services being sourced, the competitive global markets we operate in other commercial aspects of suppliers’ relationships. These terms are by mutual agreement and usually include the offer of access to the Group’s Supplier Finance Programme.
Answer not provided
N/A
75 days
No further comment provided
We offer reduced payment terms for smaller suppliers, so that they are paid in 30 days and also offer Supply Chain Financing whereby suppliers can receive their payment sooner. Our terms with other suppliers vary on the products and services being sourced, the competitive global markets we operate in and other commercial aspects of suppliers’ relationships.
Queries and complaints relating to payments are handled by email by our Accounts Payable department. This email is managed each day and responses are duly made.
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.
Yes
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.
Yes
No
No