| 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 Feb 2019 - 31 Jul 2019 | 23 Oct 2019 | 28 | 59% | 36% | 5% | 1% |
| 01 Aug 2018 - 31 Jan 2019 | 23 Oct 2019 | 29 | 61% | 34% | 6% | 2% |
| 01 Feb 2018 - 31 Jul 2018 | 29 Aug 2018 | 27 | 62% | 32% | 6% | 64% |
| 01 Aug 2017 - 31 Jan 2018 | 26 Feb 2018 | 28 | 56% | 37% | 7% | 64% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
DeMontfort Fine Art's payment practice is to have two payment runs to vendors a month, one on or around the 15th of the month and the other on the last working day of the month.
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
60
At DeMontfort Fine Art, we appreciate how important our vendors are to our business and we are committed to dealing with them in an open, honest, and professional manner. The main point of contact for disputes is the Purchase Ledger Team. To resolve a dispute, the vendor is required to provide any missing information, corrected invoice or credit note. If the Purchase Ledger Team are unable to resolve the dispute, the issue is escalated to the person who raised the purchase order / purchaser who is then responsible for resolving the issue. Once the dispute is resolved, we will pay the outstanding invoice on the next payment run. All queries can be emailed to vendors@dmfa.co.uk
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
De Montfort Fine Art Limited trades as DeMontfort Fine Art. The company publishes and distributes original paintings and collectable limited edition artworks, working with a large roster of featured and new artists. It supplies galleries interested in the work it publishes and offers representation to artists, directing buyers to local galleries to purchase pieces. The business also operates trade account enquiries for galleries and business customers. Incorporated in 1989 and registered in Staffordshire, it is classified under retail sale in commercial art galleries, reflecting its role in publishing, distributing and facilitating sales of fine art editions and original works across a UK gallery network.
Generated from the company's website and Companies House records. Sources: demontfortfineart.co.uk · demontfortfineart.co.uk