Industry ranking
| 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 |
|---|---|---|---|---|---|---|
| 04 Jul 2021 - 01 Jan 2022 | 28 Jan 2022 | 61 | 0% | 83% | 17% | 7% |
| 03 Jan 2021 - 03 Jul 2021 | 13 Jul 2021 | 55 | 15% | 84% | 1% | 12% |
| 05 Jul 2020 - 02 Jan 2021 | 26 Jan 2021 | 45 | 62% | 38% | 0% | 9% |
| 05 Jan 2020 - 04 Jul 2020 | 28 Jul 2020 | 46 | 35% | 47% | 18% | 21% |
| 07 Jul 2019 - 04 Jan 2020 | 31 Jan 2020 | 16 | 27% | 37% | 36% | 41% |
| 06 Jan 2019 - 06 Jul 2019 | 01 Aug 2019 | 56 | 0% | 57% | 43% | 38% |
| 08 Jul 2018 - 05 Jan 2019 | 22 Jan 2019 | 50 | 28% | 61% | 11% | 39% |
| 07 Jan 2018 - 07 Jul 2018 | 26 Jul 2018 | 46 | 29% | 59% | 13% | 26% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard terms are 60 days unless otherwise agreed.
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
87
Disputes would be escalated with the Supplier Relationship Manager for guidance and review, following this the invoice would either be resubmitted or processed based on new information
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.
❌
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.
❌
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
CFS MANAGEMENT SERVICES LIMITED is an active private limited company, incorporated on 15 September 2005, based in the North West region. Registered business activity: Other business support service activities not elsewhere classified.
From Companies House records.