CORNEY AND BARROW LIMITED

Standard payment terms

With the exception of broking transactions Corney and Barrow does not have standard terms. Differing payment terms are agreed as between the UK and overseas suppliers during the course of contractual negotiations. It should be noted that in the case of broking transactions 30 days payment terms means payment will be made in the week in which the 30 day period falls. Therefore payment could be up to 34 days from the broking sale but still be within agreed terms

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

No further comment provided

Maximum contractual payment period agreed

180

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