| 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 2019 - 30 Jun 2019 | 27 Aug 2019 | 48 | 16% | 59% | 25% | 8% |
| 01 Jul 2018 - 31 Dec 2018 | 27 Aug 2019 | 51 | 19% | 56% | 25% | 9% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Aug 2019 | 50 | 24% | 57% | 19% | 7% |
| 01 Jul 2017 - 31 Dec 2017 | 31 Jan 2018 | 47 | 30% | 59% | 11% | 5% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Although we have standard terms we try to take a more flexible approach to the usual approval methods.
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
120
We operate a purchase order system however any disputes are dealt with by an experienced purchase ledger officer and would be settled amicably by discussing with the supplier concerned and the purchase order originator.
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
Owens (Road Services) Limited is the registered entity behind Owens Group, a national logistics operator based in Llanelli, Carmarthenshire. Founded in 1972 as a regional haulier, the group now provides nationwide road transport, warehousing and pallet network distribution services across Wales, the Midlands and the North West, operating from ten strategically located depots. It describes itself as delivering integrated transport, warehousing and specialist services to support complex UK supply chains, using a modern fleet and purpose-built warehousing. The group also runs additional divisions including recycling, energy and courier services. It remains an independently owned, family-led organisation focused on long-term logistics partnerships with commercial customers.
Generated from the company's website and Companies House records. Sources: owensgroup.uk · owensgroup.uk · owensgroup.uk