The trend for UNITRANS LIMITED shows a consistent average time to pay of 35 days over the three periods analyzed.
The volatility for UNITRANS LIMITED is low, with only a 10% difference in the percentage of invoices paid later than 60 days between the start date and end date of the analysis.
From Oct 2017 to Mar 2018, UNITRANS LIMITED had an average time to pay of 35 days. The percentage of invoices paid within 30 days remained consistent at 45%, while the percentage of invoices paid between 31 and 60 days increased from 45% to 60%. The percentage of invoices paid later than 60 days remained unchanged at 10%. The shortest (or only) standard payment period for the company was 30 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 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | 35 | 45% | 45% | 10% | 60% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard Payment terms are 30 days following invoice date.
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
59
Disputed invoices are handled by the Purchase Ledger Team and escalated to the Purchase Ledger Manager if the dispute is not resolved.
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
UNITRANS LIMITED is a dissolved private limited company, incorporated on 12 June 1978, based in the Yorkshire and The Humber region. Registered business activity: Freight transport by road.
From Companies House records.