Score of 91.7/100 qualifies for PaymentCheck Certification
The average time taken for ADDISON LEE LIMITED to pay invoices has fluctuated over the past three periods with a high of 27 days in 2018-2019 and a low of 19 days in 2019-2020. However, the trend seems to be showing an improvement in payment times as the average time has decreased from 27 days to 23 days in the most recent period.
The volatility of payment times has also decreased over the past three periods. The range of average days taken to pay invoices has decreased from 8 days in 2018-2019 to 4 days in 2020-2021, indicating a more consistent payment pattern.
| 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 Mar 2021 - 31 Aug 2021 | 30 Sept 2021 | |||||
| 01 Sept 2020 - 28 Feb 2021 | 06 Apr 2021 | 23 | 94% | 5% | 1% | 13% |
| 01 Mar 2020 - 31 Aug 2020 | 30 Sept 2020 | 26 | 91% | 5% | 4% | 16% |
| 01 Sept 2019 - 29 Feb 2020 | 31 Mar 2020 | 22 | 94% | 5% | 1% | 13% |
| 01 Mar 2019 - 31 Aug 2019 | 04 Dec 2019 | 19 | 95% | 3% | 2% | 13% |
| 01 Sept 2018 - 28 Feb 2019 | 10 Sept 2019 | 27 | 90% | 5% | 5% | 10% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms for supplier payments range between 0 to 60 days. Supplier payments are made per the agreed terms unless alternative payments arrangements / terms are agreed in advance. Related payment supplier payments are not settled periodically and dealt separately.
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
89
All queries are handled by dedicated accounts payables team. If there is a dispute, we would call/email the relevant vendors and follow up with an email to resolve. All queries raised by vendors are usually resolved within 10 working days. There is an escalation matrix which is shared with all vendors. Periodic governance process in place to monitor the performance of the accounts payable team to ensure that queries are resolved timely and satisfactorily, thereby ensuring a build-up of invoices on hold is avoided and vendors are paid accurately.
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
ADDISON LEE LIMITED is a transportation company based in London, England. The company was founded in 1975 and has since grown to become one of the leading private hire and courier services in the UK.
The company offers a range of services including airport transfers, chauffeur services, and same-day courier deliveries. Their fleet includes a variety of vehicles, from standard cars to luxury cars and even eco-friendly options such as hybrid and electric vehicles.
In recent years, ADDISON LEE LIMITED has placed a strong focus on sustainability. They have implemented a sustainability program that aims to reduce their carbon footprint and promote environmentally friendly practices. As part of this program, the company has invested in a fleet of low-emission vehicles and is continuously looking for ways to reduce their impact on the environment.
The key people at ADDISON LEE LIMITED include their CEO, Liam Griffin, who has been with the company since 2015 and has a strong background in the transportation industry. The company also has a team of experienced drivers and staff who are committed to providing excellent customer service.
For bookings and inquiries, customers can visit the company's website at www.addisonlee.com or contact their customer service team at 020 7387 8888. The registered office address for ADDISON LEE LIMITED is 35-37 William Road, London, NW1 3ER.
In summary, ADDISON LEE LIMITED is a reputable transportation company in the UK that offers a range of services and has a strong focus on sustainability. With a dedicated team and a commitment to providing high-quality services, the company continues to be a top choice for private hire and courier needs.
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