Company number: 02542406
and approved by Ian Sharper
Average time taken to pay invoices: 29 days
Invoices paid:
Invoices due but not paid within agreed terms: 3%
14 days
60 days
Payment run between 25th & 30th of the month paying invoices from the previous calendar month.
Answer not provided
N/A
60 days
No further comment provided
N/A
Invoices held centrally in Purchase Ledger and matched to the purchase order. For orders where the goods/services have been marked as received, the invoice is automatically approved for payment. For those that are not, or those where the invoice value exceeds the purchase order value, a system troubleshoot is sent to the requisitioner for them to resolve any issues with the supplier. As soon as the requisitoner notes in the system that the issues have been resolved, the invoice is approved for the next payment run.
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