The average time to pay has decreased by 0.5 days from the first period to the third period.
The average time to pay has fluctuated by 1.2% from the first period to the third period.
| 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 |
|---|---|---|---|---|---|---|
| 29 Oct 2017 - 28 Apr 2018 | 29 Jun 2018 | 69 | 15% | 29% | 56% | 73% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Non-stock invoices generally 30 days. Stock invoices generally 60 - 90 days. Some direct supply own brand partners are paid a 0 days.
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
120
Any disputed invoices are taken up in the first instance with the relevant authorising manager. If this can not resolve it then the supplier can take the issue up directly with the Finance Manager and then the Finance Director. To date we have not had any disputed invoices be escalated further than the Finance Manager.
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
F.W. EVANS CYCLES (UK) LIMITED is a dissolved private limited company, incorporated on 27 January 1993, based in the Yorkshire and The Humber region. Registered business activity: Retail sale of sports goods, fishing gear, camping goods, boats and bicycles.
From Companies House records.