| 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 2018 - 30 Jun 2018 | 30 Jul 2018 | 57 | 30% | 15% | 56% | 56% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard = 90 days date of invoice Maximum = 90 days end of month
Were there any changes to the standard payment terms in the reporting period?
Change from 90 days end of month in 2017 to 90 days in H1 2018. Suppliers notified the Sourcing dpt of the company.
Any other information about payment terms
No
Maximum contractual payment period agreed
100
In the first instance suppliers contact the Accounts Payable team, who are able to resolve most issues. If unable to resolve, the A/P team will either contact the purchase originator or redirect the supplier to the purchase originator if more appropriate.
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
ARJOWIGGINS SOURCING LIMITED is a liquidation private limited company, incorporated on 19 February 2009, based in the London region. Registered business activity: Other business support service activities not elsewhere classified.
From Companies House records.