Published reports

PMP RECRUITMENT LIMITED

Company number: 03485614

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 January 2018 to 30 June 2018

Report filed on:

30 July 2018

Approved by:

Chris Kenneally

Payment statistics

Average time taken to pay invoices: 36 days

Invoices paid:

within 30 days: 53%
in 31 to 60 days: 32%
in 61 days or more: 15%

Late and disputed:

payments due in the reporting period which have not been paid within the agreed period: 49%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

60 days

Standard payment terms

60 days from invoice date unless agreed otherwise by exception

Were there any changes to the standard payment terms in the reporting period?

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

No further comment provided

Any other information about payment terms

"% of payments due in the reporting period which were not paid within the agreed payment period" would be 27% if 3 specific vendors where vendor processes result in payment delays are excluded.

Dispute resolution process

Any disputes are notified to the supplier by either the accounts department or department requesting the supply. Every effort is made to resolve any dispute within the payment terms of invoice

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.

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.

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?