Company number: OC364213
and approved by Duncan Annis
Average time taken to pay invoices: 88 days
Invoices paid:
Invoices due but not paid within agreed terms: 4%
7 days
180 days
60 days end of month following date of receipt in PDF mailbox
Answer not provided
N/A
180 days
No further comment provided
please note that all our payment terms are calculated from the date we receive/scan the invoice, not from the invoice date itself. We have moved from Monthly to weekly payment runs - Now, every Monday, we create payment runs to include anything due within the same week. The funds will then reach the vendors' bank accounts on Thursdays.
Terms can be agreed/disputed by contacting Procurement or the person who placed the order. They will then seek approval from the company code finance director to amend terms in our system - without this approval no changes will be made.
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