PINNACLE INSURANCE LIMITED

Standard payment terms

Our payment terms are generally 30 days from invoice tax point date based on the timely submission of satisfactory invoices. Many of our suppliers will submit invoices on their own payment terms which may differ from ours. Where a supplier’s payments terms are less than our standard 30 days, we use our best endeavours to pay such invoices according to that supplier’s terms. Invoices can be emailed to purchaseledger@pinnaclepetgroup.com or alternatively sent to the following address: Purchase Ledger Department Pinnacle Insurance Ltd, 4th Floor, Limelight, Elstree Way, Borehamwood, Hertfordshire WD6 1JH

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

No information available

Any other information about payment terms

N/A

Maximum contractual payment period agreed

30

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.

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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.

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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.

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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?

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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No information available