| 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 2020 - 31 Dec 2020 | 29 Jan 2021 | 78 | 13% | 61% | 26% | 92% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 51 | 27% | 64% | 9% | 91% |
| 01 Sept 2019 - 31 Dec 2019 | 24 Jan 2020 | 43 | 36% | 37% | 27% | 65% |
| 01 Jul 2018 - 31 Dec 2018 | 01 Feb 2019 | 41 | 29% | 50% | 21% | 8% |
| 01 Jan 2018 - 30 Jun 2018 | 01 Aug 2018 | 32 | 51% | 35% | 14% | 46% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Subject to staff availability, payments are made to suppliers once a week or earlier, subject to the due date on the supplier invoice. (new weekly payment run process began 1st Dec 19)
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
37
All invoices are reviewed by the heads of department to which the invoice relates. If there is a dispute, heads of department will raise this directly with the supplier and agree a resolution. Disputes are primarily resolved over email to provide a written audit trail. Where a complaint of late payment is received, the accounts payable department will, where necessary, arrange a payment before the weekly supplier run to ensure prompt payment. (new weekly payment run process began 1st Dec 19)
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
ISS Group Holdings Limited is a UK-registered holding company within the Inchcape Shipping Services group, which trades as Inchcape Shipping Services. The wider group provides port agency, marine and digital solutions to the shipping industry worldwide, including full port agency, husbandry services, dry docking, marine machinery support, survey and inspection, and project logistics. It operates from over 250 offices across some 60 countries, covering more than 2,200 ports, serving sectors such as tanker, dry bulk, liner, cruise, government, offshore and ship management. This entity's registered role is as part of that corporate group rather than an operating shipping business itself.
Generated from the company's website and Companies House records. Sources: iss-shipping.com · iss-shipping.com · iss-shipping.com