The average time taken for CPW TECHNOLOGY SERVICES LIMITED to pay invoices has increased by 6% between the first and second period, and then by 13% between the second and third period.
The percentage of invoices paid within 30 days has decreased by 4% between the first and second period, and then by 22% between the second and 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 Apr 2018 - 28 Oct 2018 | 27 Nov 2018 | 39 | 35% | 57% | 8% | 27% |
| 31 Oct 2017 - 28 Apr 2018 | 25 May 2018 | 34 | 57% | 35% | 8% | 56% |
| 30 Apr 2017 - 30 Oct 2017 | 28 Nov 2017 | 33 | 53% | 36% | 11% | 60% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 Days from Inv Date (Paid Weekly)
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
– Queries from our suppliers are assigned to a colleague to action and urgent queries will be actioned within 24 hours (one working day). Non-urgent queries are actioned within two working days – when a new supplier is set up, a payment guide is available which provides our suppliers with all the contact details required to raise a dispute and our escalation process – any changes to contacts or email addresses are also communicated to all our suppliers – initial contact points are:" CPW Goods not for resale APGNFR@dixonscarphone.com
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
CPW TECHNOLOGY SERVICES LIMITED is a liquidation private limited company, incorporated on 15 December 1993, based in the London region. Registered business activity: Business and domestic software development; Information technology consultancy activities; Other information technology service activities.
From Companies House records.