Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 97.3/100 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 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 13 | 96% | 1% | 3% | 4% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Most frequently used payment terms for qualifying contracts = 30 Days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Not applicable
Maximum contractual payment period agreed
30
Disputes are generally resolved on a case by case basis depending on the business terms agreed within a contract. The Company's Purchase Ledger department should be the first point of contact if a supplier has a dispute relating to payment. Complaints or concerns will be passed to and dealt with by the relevant department head, with the involvement of the Group Financial Controller or Legal Department where necessary.
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
TELECOM PLUS PLC is an active public limited company, incorporated on 9 October 1996, based in the London region. Registered business activity: Other telecommunications activities.
From Companies House records.