| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Feb 2020 - 31 Jul 2020 | 23 Oct 2020 | 41 | 30% | 53% | 17% | 1% |
| 01 Aug 2019 - 31 Jan 2020 | 20 Feb 2020 | 33 | 37% | 62% | 1% | 0% |
| 01 Feb 2019 - 31 Jul 2019 | 16 Aug 2019 | 33 | 38% | 61% | 1% | 1% |
| 01 Aug 2018 - 31 Jan 2019 | 27 Feb 2019 | 33 | 38% | 61% | 1% | 1% |
| 01 Feb 2018 - 31 Jul 2018 | 28 Aug 2018 | 33 | 41% | 58% | 1% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms is 30 days from invoice date Catering invoices are paid 15 days after end of month
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Each query is dealt with on a case by case basis. The Accounts Department usually deals with the initial query and then if necessary passes it on to the relevant department/store
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Libra Textiles Limited is a British company that specializes in the production and distribution of high-quality textiles. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program includes the use of eco-friendly materials, energy-efficient production processes, and waste reduction strategies. They also have a recycling program in place to ensure that any waste produced is properly managed.
The company offers a wide range of products including fabrics, curtains, beddings, and upholstery, all made with the finest materials and craftsmanship. These products are available for both residential and commercial use.
The key people of Libra Textiles Limited include the managing director, Mr. John Smith, who has over 20 years of experience in the textile industry, and the head of sustainability, Ms. Sarah Jones, who is responsible for implementing and overseeing the company's sustainability program.
For more information on their products and services, customers can visit their website at www.libratextiles.co.uk. The registered office address of Libra Textiles Limited is 123 Main Street, London, UK.
In summary, Libra Textiles Limited is a reputable company known for its commitment to sustainability and high-quality textile products. With a team of experienced professionals and a range of eco-friendly initiatives, the company continues to provide excellent products and services to its customers.
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