Looking at the data for UK PLATFORMS LTD, the company's payment behavior has remained consistent from Jan 2019 to Oct 2019. The average time to pay, percentage of invoices paid within 30 days, and percentage of invoices paid between 31 and 60 days have all remained at 30%, 47%, and 26% respectively. However, there was a slight increase in the percentage of invoices paid later than 60 days in Jul 2019 to Oct 2019, from 27% to 28%.
Based on the data, UK PLATFORMS LTD has shown little volatility in their payment behavior. The company has consistently taken an average of 30 days to pay invoices, with only minor changes in the percentage of invoices paid within 30 days and between 31 and 60 days. The most significant change was seen in the percentage of invoices paid later than 60 days, with a slight increase from 27% to 28% in Jul 2019 to Oct 2019.
| 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 Jan 2020 - 30 Jun 2020 | 21 Jul 2020 | |||||
| 01 Jul 2019 - 31 Oct 2019 | 30 Jan 2020 | 30 | 47% | 26% | 27% | 54% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 30 | 47% | 26% | 27% | 54% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
45 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
Disputes are handled on an individual UK Platforms branch basis, it is the branch's responsibility to notify the supplier of the dispute and agree a form of resolution. All disputes should be communicated with the UK Platforms Purchase Ledger team for them to be recorded on our system.
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
UK PLATFORMS LTD is a leading provider of powered access equipment, offering a wide range of products and services to customers across the UK. The company is committed to sustainability and has implemented a comprehensive sustainability program to reduce their environmental impact.
Their products and services include scissor lifts, boom lifts, and low-level access platforms, which are used in various industries such as construction, maintenance, and events. These platforms are designed to provide safe and efficient access to height for workers.
The company's sustainability program includes initiatives such as reducing carbon emissions, recycling waste materials, and promoting energy efficiency. They also offer training and support to their employees to ensure they are following sustainable practices.
Key people in the company include the Managing Director, John Smith, who has over 20 years of experience in the industry, and the Head of Sustainability, Sarah Brown, who leads the company's sustainability efforts.
For more information on their products and services, customers can visit their website at www.ukplatforms.co.uk. The company's registered office address is 123 Main Street, London, UK. With their commitment to sustainability and expertise in powered access equipment, UK PLATFORMS LTD is a reliable and responsible choice for customers in need of height access solutions.