Company number: 00345279
and approved by Leonora Scaife
Average time taken to pay invoices: 46 days
Invoices paid:
Invoices due but not paid within agreed terms: 7%
30 days
Answer not provided
AMG Chrome Limited has differing terms with suppliers depending upon: 1. The nature of the goods and services provided 2. The location of the business providing the goods or service. For example where goods are shipped globally to AMG terms may be longer to account for shipping time. AMG Chrome Limited targets payment terms of at least 90 days from date of shipment for raw material supplies and 45 days from date of invoice for other supplies and services.
Answer not provided
N/A
90 days
90 days BOL
AMG Chrome Limited agrees payment terms for suppliers in the UK based on paying invoices in the first BACS run after the invoice becomes due. This payment profile is transparent to the suppliers and is agreed with each upon onboarding. There are two BACS payment runs per month.
Overall our policy is to pay valid, undisputed invoices to the timescales agreed with our suppliers. Any payment or other contractual disputes are addressed in a constructive manner. AMG Chrome Limited communicates a clear contact and escalation process to all suppliers upon initially onboarding each supplier. This has a 2 day timescale and escalation point if the matter is not being addressed adequately.
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.
Yes
No
No