| 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 2025 - 30 Jun 2025 | 31 Jul 2025 | 69 | 2% | 58% | 40% | 99% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 69 | 1% | 55% | 44% | 99% |
| 01 Jan 2024 - 30 Jun 2024 | 15 Jul 2024 | 72 | 0% | 47% | 53% | 99% |
| 01 Jul 2023 - 31 Dec 2023 | 01 Feb 2024 | 73 | 1% | 45% | 54% | 99% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 91 | 1% | 41% | 58% | 99% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 89 | 3% | 32% | 65% | 99% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 101 | 0% | 22% | 78% | 99% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 85 | 1% | 24% | 75% | 99% |
| 01 Jan 2021 - 30 Jun 2021 | 19 Jul 2021 | 113 | 1% | 18% | 81% | 94% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 92 | 2% | 40% | 58% | 99% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 68 | 7% | 57% | 36% | 86% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 74 | 3% | 54% | 43% | 97% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 73 | 3% | 53% | 44% | 96% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 70 | 17% | 35% | 48% | 80% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 59 | 16% | 39% | 45% | 72% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
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
The company pays in line with the terms set out in written agreements with suppliers, which it has for the majority of goods for resale suppliers. Where a written agreement does not exist, the company will pay suppliers to a minimum 30 days after the invoice date, provided the supplier sends an accurate invoice which quotes the correct purchase order or cost centre number. The company raises payment instructions in line with the agreed payment terms, which make no allowance for fund transmission times. The funds are available to suppliers between 1 and 5 days after the payment terms date depending upon the method of transmission.
Maximum contractual payment period agreed
30
Where non-payment is caused by invoicing inaccuracy due to incorrect pricing/quantities or the quality of goods or services provided, the person responsible for the purchase will dispute the invoice by placing it on hold. Invoices that are subject to a dispute will not be paid until the issue is resolved. Once resolved, payment will be made in accordance with the terms of the contract, unless the invoice is overdue where it will be paid in the next available payment run.
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
PTS GROUP LIMITED is an active private limited company, incorporated on 9 February 1988, based in the East Midlands region. Registered business activity: Agents involved in the sale of timber and building materials.
From Companies House records.