Industry ranking
The average time for DATA SELECT LIMITED to pay invoices has increased by 3.5% from the first period to the third period.
The average time to pay invoices for DATA SELECT LIMITED has fluctuated between 46 and 51 days over the three periods, with a standard deviation of 2.6 days.
In the first period (Jan 2021 - Jun 2021), DATA SELECT LIMITED had an average time to pay invoices of 46 days. 31% of invoices were paid within 30 days, 41% were paid between 31 and 60 days, and 28% were paid later than 60 days. 22% of invoices were not paid within agreed terms.
| 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 2021 - 31 Dec 2021 | 31 Jan 2022 | 51 | 17% | 53% | 30% | 29% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 46 | 31% | 41% | 28% | 22% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms for most suppliers is 30 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
Reasons for not being able to pay based on terms include receiving late or non compliant invoices or invoices that are in dispute. We have a accounts payable team which is reachable by email. Vendors with invoice queries can contact this team. The accounts payable team will reach out to the internal business contacts to investigate why the invoice has not been approved for payment.
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
DATA SELECT LIMITED is a dissolved private limited company, incorporated on 5 November 1998, based in the South East region. Registered business activity: Other telecommunications activities.
From Companies House records.