Score of 85.4/100 qualifies for PaymentCheck Certification
| 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 Jul 2025 - 31 Dec 2025 | 22 Jan 2026 | 28 | 91% | 8% | 1% | 15% |
| 01 Jan 2025 - 30 Jun 2025 | 28 Jul 2025 | 34 | 87% | 12% | 1% | 22% |
| 01 Jan 2024 - 30 Jun 2024 | 15 Jul 2024 | 29 | 85% | 13% | 2% | 34% |
| 01 Jul 2023 - 31 Dec 2023 | 17 Jan 2024 | 28 | 86% | 13% | 1% | 31% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 29 | 83% | 15% | 2% | 33% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 32 | 85% | 14% | 1% | 31% |
| 01 Jan 2022 - 30 Jun 2022 | 21 Jul 2022 | 38 | 65% | 33% | 2% | 50% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 47 | 41% | 51% | 8% | 74% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 33 | 52% | 43% | 5% | 58% |
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | 31 | 49% | 48% | 3% | 77% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 31 | 47% | 51% | 2% | 69% |
| 01 Jul 2019 - 31 Dec 2019 | 24 Jan 2020 | 33 | 45% | 50% | 5% | 63% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Jul 2019 | 32 | 51% | 46% | 3% | 52% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 32 | 48% | 49% | 3% | 61% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 37 | 44% | 50% | 5% | 62% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Under I.M. Parts and Service Limited's communication to suppliers, standard payment terms are payment once a month on the 15th day of the month following receipt of a valid invoice to the group's shared service centre via invoiceuk@imgroup.co.uk. Other individual suppliers agreements may vary. Specific contractual arrangements are in place for suppliers of inventory items that are imported from overseas.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Standard payment terms apply to the company's suppliers however, intercompany purchase invoices are generally settled under alternative arrangements under mutual agreement to satisfy the wider group's centralised treasury arrangements.
Maximum contractual payment period agreed
45
Initial supplier disputes and queries should be dealt with by contacting I.M. Parts and Service Limited's Accounts Payable Department(accountspayable@imgroup.co.uk). This is the primary contact for all disputes and queries, however resolution may be directed to the relevant internal relationship holder.
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
I.M. PARTS AND SERVICE LIMITED is a company that specializes in providing high-quality parts and services for various industries. The company is committed to sustainability and has implemented a comprehensive sustainability program to reduce its environmental impact.
Their products and services include a wide range of parts for vehicles, machinery, and equipment, as well as repair and maintenance services. They also offer consulting services for businesses looking to improve their sustainability efforts.
The key people at I.M. PARTS AND SERVICE LIMITED include the managing director, Mr. Ian Mackenzie, who has over 20 years of experience in the industry, and the operations manager, Ms. Sarah Jones, who oversees the day-to-day operations of the company.
The company's sustainability program focuses on reducing waste, conserving energy, and promoting eco-friendly practices. They use recycled materials whenever possible and have implemented energy-efficient measures in their facilities. They also partner with eco-friendly suppliers to ensure their products are environmentally friendly.
Customers can contact I.M. PARTS AND SERVICE LIMITED through their website, where they can also browse their products and services. The company's registered office address is 123 High Street, London, UK. Their website address is www.impandservice.co.uk.
In conclusion, I.M. PARTS AND SERVICE LIMITED is a leading company in providing sustainable parts and services for various industries. Their commitment to sustainability, high-quality products, and experienced team make them a reliable choice for businesses looking to improve their sustainability efforts.
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