Company number: 01424575
and approved by Charlotte Durman
Average time taken to pay invoices: 65 days
Invoices paid:
Invoices due but not paid within agreed terms: 38%
14 days
90 days
It is the Company policy to agree appropriate terms of payment with each supplier. Payment runs for each currency occur on a weekly basis. 50% of our supplier’s invoices during the period are on payment terms of 30 days, 34% of terms are lower than 30 days and apply mainly to recruitment agencies and delivery service suppliers. Intercompany invoices are applied on 45-day terms but settled on an informal ad hoc basis through an internal netting agreement, usually exceeding the agreed payment terms.
Answer not provided
N/A
90 days
No further comment provided
38% of invoices due in the period were not paid within the contractual terms. Of this amount, 32% of invoices were intercompany related. 12% of invoices paid in the period were related to intercompany invoices. Excluding intercompany invoices, 30% of invoices weren’t paid within agreed terms.
The Company is committed to dealing with its suppliers in a fair, honest and professional manner. We seek to resolve queries as quickly as possible to both party’s satisfaction prior to payment being made. Disputes are resolved by discussion and agreement with a supplier and are typically managed by the dedicated accounts payable team via email and phone.
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