Company number: 01597194
and approved by Daniel Brickell
Average time taken to pay invoices: 38 days
Invoices paid:
Invoices due but not paid within agreed terms: 84%
30 days
60 days
Standard terms and conditions of purchase which are sent out to suppliers with an order state payment within 60 days of receipt of invoice. For certain suppliers the agreed period is 30 days from receipt of the invoice. The maximum contractual period agreed is 90 days from receipt of the invoice for a supplier of seasonal products. There have been no changes to standard terms during the reported period
Answer not provided
N/A
90 days
No further comment provided
N/A
Business process for resolving disputes relating to supplier payments - Should Accounts Payable not be able to process a supplier invoice due to a price, qty or other query. The Procurement team are notified with the query. - Procurement check all documentation and contact the supplier to notify them of the discrepancy. - Most queries relate to short deliveries or price discrepancies. - Once resolution is agreed, procurement notify AP and the invoice will then be processed and payment made. - Should negotiation prove unsuccessful the company will write a letter of compliant detailing issues
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