P&O FERRIES LIMITED
Company number: 00237626
Reporting period:
1 July 2022 to 31 December 2022
Report filed on:
1 February 2024
Approved by:
Peter Hebblethwaite
Payment statistics
Average time taken to pay invoices: 58 days
Invoices paid:
- within 30 days: 12%
- in 31 to 60 days: 64%
- in 61 days or more: 24%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 25%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
30 Days end of month
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
For any payment queries, suppliers should contact the Accounts Payable department at P&O Ferries Ltd, either by email to accountspayable@poferries.com or by phoning the switchboard on 01304 863000 and asking for the Accounts Payable department. The Accounts Payable department will look into suppliers’ queries as soon as possible, and will liaise with the purchaser and the supplier to resolve any queries or disputes to enable payment to be made as quickly as possible.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No