Score of 99/100 qualifies for PaymentCheck Certification
The trend for AGIITO LIMITED's average time to pay invoices has been steadily decreasing over the last three periods, from 40 days in the period of July 2018 to December 2018, to 4 days in the period of July 2023 to December 2023.
The volatility of AGIITO LIMITED's average time to pay invoices has been relatively stable, with only a 9.1% decrease between the highest and lowest time to pay (from 37 days to 4 days).
From January 2021 to June 2021, AGIITO LIMITED had an average time to pay invoices of 20 days. This is a 50% decrease from the previous period of July 2020 to December 2020, where the average time to pay was 40 days.
| 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 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 6 | 99% | 1% | 0% | 3% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 9 | 99% | 1% | 0% | 1% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 10 | 98% | 2% | 0% | 1% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 14 | 88% | 10% | 2% | 3% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 20 | 86% | 10% | 4% | 6% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 19 | 86% | 9% | 5% | 6% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 20 | 93% | 4% | 3% | 7% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 8 | 88% | 10% | 2% | 3% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 13 | 82% | 13% | 5% | 6% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 40 | 16% | 75% | 9% | 27% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 37 | 27% | 70% | 3% | 8% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days for SME's 40 days for Non-SME's
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
60
3.2 SUPPLIER DISPUTE RESOLUTION PROCESS If a dispute arises between the parties during the term of a contract that cannot be resolved by operational staff then, in addition with consulting with the Commercial function, the following escalation and dispute resolution process should be followed: Level 1: Account Managers of both parties Level 2: Relevant Capita Commercial Director and Supplier Director (or equivalent senior manager if no directors within the business) Level 3: Managing Directors of the parties (or the substantially equivalent person if the supplier does not have a Managing Director) Level 4: Capita may elect to refer the dispute to a mediation procedure under the auspices of the Centre for Effective Dispute Resolution The existence of any dispute shall not entitle the supplier to suspend any Statement of Work or for Capita to suspend the payment of any undisputed charges.
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
AGIITO LIMITED is an active private limited company, incorporated on 7 February 1973, based in the North West region. Registered business activity: Travel agency activities.
From Companies House records.