ASD LIMITED

Company number: 01370600

Reporting period:
1 January 2021 to 30 June 2021

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This report was filed on 7 July 2021

and approved by David Gross

Payment statistics

Average time taken to pay invoices: 72 days

Invoices paid:

• within 30 days: 1%
• in 31 to 60 days: 13%
• in 61 days or more: 86%

Invoices due but not paid within agreed terms: 99%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

90 days

Standard payment terms

Steel Purchases - 60 - 90 days EOM Non Steel Purchases - 30 days EOM We have longstanding relationships with our key suppliers. Whilst some payments made fall outside of the contractual period, we make regular payments to these suppliers on fixed days of the month which are accepted by them.

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

90 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

Invoices in dispute are managed by the Accounts Payable Team. If a query cannot be resolved by the team, invoices are referred to the buyer for resolution. Once the invoice is resolved and approved, payment will be made in accordance with the agreed terms and conditions. If this falls outside of these terms, payment is made on the next payment run.

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