The average time taken for DIGNITY FUNERALS NO.3 LIMITED to pay invoices has been relatively consistent over the past three periods, with a slight increase in the most recent period. However, there has been a noticeable increase in the percentage of invoices paid later than 60 days in the past three periods.
The data for DIGNITY FUNERALS NO.3 LIMITED shows some volatility in the percentage of invoices paid within 30 days and invoices paid between 31 and 60 days, with both fluctuating between 52-71% and 19-39% respectively. The percentage of invoices paid later than 60 days has also shown some volatility, ranging from 8-17%.
| 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 2022 - 01 Jul 2022 | 01 Aug 2022 | 46 | 45% | 39% | 16% | 79% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2022 | 43 | 52% | 31% | 17% | 76% |
| 26 Dec 2020 - 25 Jun 2021 | 02 Aug 2021 | 35 | 57% | 31% | 12% | 82% |
| 26 Jun 2020 - 25 Dec 2020 | 25 Jan 2021 | 38 | 66% | 19% | 15% | 55% |
| 26 Dec 2019 - 26 Jun 2020 | 21 Jul 2020 | 37 | 64% | 24% | 12% | 67% |
| 29 Jun 2019 - 25 Dec 2019 | 22 Jan 2020 | 32 | 71% | 21% | 8% | 57% |
| 29 Dec 2018 - 28 Jun 2019 | 29 Jul 2019 | 32 | 71% | 21% | 8% | 62% |
| 30 Jun 2018 - 28 Dec 2018 | 29 Jan 2019 | 35 | 71% | 19% | 10% | 64% |
| 30 Dec 2017 - 29 Jun 2018 | 08 Aug 2018 | 32 | 65% | 27% | 8% | 69% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms for our suppliers paid through our accounts payable process is 30 days. However, we do have a range of payment terms which are negotiated with individual suppliers on a case by case basis. —In addition to our normal payment processes, we also make a significant number of payments through our network of funeral locations. These payments generally represent disbursements incurred on behalf of our customers and, as such, are not subject to our formal payment terms and conditions. We have included these suppliers within our reporting. We endeavour to pay these suppliers promptly (usually within 7-14 days of receipt of invoice or provision of service).
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
56
Dignity aims to resolve all disputes promptly and will normally do so by contacting suppliers directly. Any disputes over payments are directed to the Accounts department. Disputes can be escalated up the management chain if subsequently required
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
Dignity Funerals No.3 Limited is a registered company within the Dignity funeral services group, with its registered office in Sutton Coldfield, West Midlands. Its listed business activity is funeral and related activities. Evidence shows the company acts as a corporate partner behind The Mulberry Tree, a florist supplying wedding and funeral flowers, which credits Dignity Funerals No.3 Ltd as its registered partner entity. The website itself does not describe funeral services directly, but the corporate structure indicates the company forms part of Dignity's funeral operations network, supporting associated florist and funeral-related trading activity rather than running a florist business in its own right.
Generated from the company's website and Companies House records. Sources: mulberrytreeflorist.co.uk