| 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 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 29 | 70% | 23% | 7% | 31% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 28 | 80% | 14% | 6% | 22% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 30 | 78% | 14% | 8% | 26% |
| 01 Jul 2017 - 31 Dec 2017 | 31 Jan 2018 | 31 | 74% | 18% | 8% | 27% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
PBA shall pay the supplier within 30 days of receipt of a correctly and duly submitted invoice.
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
30
Accounts Payable will liaise with the supplier and any complaint or concern will be raised with the individual purchasing managers and escalated to the Head of Finance if necessary. The purchasing manager has the authority to resolve the issues with their suppliers.
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
PETER BRETT ASSOCIATES LLP is an active limited liability partnership, incorporated on 28 January 2008, based in the South East region.
From Companies House records.