Published reports

DOMINO UK LIMITED

Company number: 01750201

This information is as reported by the business, and responses are in their own words.

Reporting period:

31 March 2018 to 30 September 2018

Report filed on:

31 October 2018

Approved by:

Joseph Harrison

Payment statistics

Average time taken to pay invoices: 43 days

Invoices paid:

within 30 days: 28%
in 31 to 60 days: 53%
in 61 days or more: 19%

Late and disputed:

total value of payments due in the reporting period which have not been paid within the agreed period: £0
payments due in the reporting period which have not been paid within the agreed period: 8%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

90 days

Standard payment terms

60 days End of Month

Were there any changes to the standard payment terms in the reporting period?

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

90 days

Payment terms are agreed with suppliers often on an account by account basis reviewing volume, complexity and value of orders

Any other information about payment terms

Domino works with suppliers globally and always looks to pay within the agreed timescales

Dispute resolution process

Liaise with supplier and often exchange supplier and debtors statements with a view to resolving any disputes

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.

Yes, this business has signed up to: Prompt Payment Code

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?