Published reports

DECORA BLIND SYSTEMS LIMITED

Company number: NI014427

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:

1 August 2018

Approved by:

Mr Jonathan McCluggage

Payment statistics

Average time taken to pay invoices: 29 days

Invoices paid:

within 30 days: 49%
in 31 to 60 days: 44%
in 61 days or more: 7%

Late and disputed:

payments due in the reporting period which have not been paid within the agreed period: 48%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

60 days

Standard payment terms

We have a range of payment terms. See list below for No of days / narrative description of payment terms 0 / Due Immediately 100 / 100% before shipping 14 DAYS / Due 14 Days after invoice date 15 / 15 days after shipping date 20 / 20 days after shipping 30 / Due 30 Days after invoice date 30 BL / Due 30 Days after BL 40 / Due 40 days after invoice date 45 / 45 days after shipping date 60 / Due 60 Days after invoice date 60 /BL Due 60 Days after BL 7 / Due at end of following week 7 DAYS / 7 days after ETA BEFORE ETA / 100% Before ETA CM / Due at End of Month CM+21 / Due end of Current Month + 21 Days DEPOSIT 5 / 30% deposit, 70% on BL DEPOSIT 8 / 30% Deposit. 70% 21 days B/L date SHIPPING / 100% on shipping

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

60 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Any invoices that are queried are resolved by contacting the Accounts / Purchasing Departments

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.

Yes

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?