| 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 2019 - 30 Jun 2019 | 09 Jul 2019 | 10 | 99% | 1% | 0% | 1% |
| 30 Jul 2018 - 31 Dec 2018 | 11 Jul 2019 | 10 | 99% | 1% | 0% | 1% |
| 01 Jan 2018 - 30 Jun 2018 | 11 Jul 2019 | 10 | 99% | 1% | 0% | 1% |
| 01 Jan 2017 - 30 Jun 2017 | 05 Mar 2018 | 10 | 99% | 1% | 0% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment upon receival of invoice and after checking if it is correct. Recurring payments by direct debit or standing order.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The majority of our contracts is related to financial services, the remainder is regarding mainly rent and office supply and in total not exceeding 100.000 GBP annually. This is why payment terms do not really play an important role for us at all.
Maximum contractual payment period agreed
30
Disputes are resolved by the director checking the invoice in question, typically by phone or email to the supplier.
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
EUROPEAN POLICY EXCHANGE LIMITED is an active private limited company, incorporated on 19 September 2003, based in the London region. Registered business activity: Activities auxiliary to financial intermediation not elsewhere classified.
From Companies House records.