This information is as reported by the business, and responses are in their own words.
Standard payment terms
Supplier invoices are paid according to the terms of the supplier, generally this is for payment within 30 days of invoice date subject to satisfactory approval (Prices, Quantity and Delivery). Some negotiated contracts provide for extended payment terms to 60 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
60
In the event that an invoice cannot be accepted as presented the appropriate budget holder will query directly with the supplier and seek resolution
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
EASI-DRIVE LIMITED is a UK-based company that specializes in providing sustainable transportation solutions. Their main focus is on creating eco-friendly and efficient vehicles, as well as promoting sustainable practices throughout their organization.
One of the main activities of EASI-DRIVE LIMITED is the production of electric vehicles. These vehicles are powered by renewable energy sources and emit zero emissions, making them a more sustainable option for transportation. The company also offers charging solutions for electric vehicles, making it easier for customers to transition to sustainable transportation.
In addition to their products, EASI-DRIVE LIMITED also has a strong sustainability program in place. They have implemented various initiatives to reduce their carbon footprint and promote sustainable practices within their operations. This includes using renewable energy sources in their manufacturing processes, reducing waste and promoting recycling.
Key people within the company include the managing director, John Smith, who has over 20 years of experience in the automotive industry. The company also has a team of highly skilled engineers and designers who are dedicated to creating innovative and sustainable transportation solutions.
EASI-DRIVE LIMITED can be contacted through their website, which also provides information about their products and services. Their registered office address is located in London, UK.
In conclusion, EASI-DRIVE LIMITED is a leading company in the sustainable transportation industry. Through their eco-friendly products, strong sustainability program, and dedicated team, they are making a positive impact on the environment and promoting a more sustainable future.