The average time taken for TRAVIS PERKINS PLUMBING & HEATING LLP to pay invoices has increased from 56 days in the first period to 58 days in the second period. There is no data available for the third and fourth periods.
The percentage of invoices paid within 30 days has decreased from 17% to 16% in the second period. There is no data available for the third and fourth periods.
In the first period (Jan 2018 - June 2018), TRAVIS PERKINS PLUMBING & HEATING LLP took an average of 56 days to pay invoices. 17% of invoices were paid within 30 days, 45% were paid between 31 and 60 days, and 38% were paid later than 60 days. 76% of invoices were not paid within agreed terms.
| 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 | 28 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 03 Dec 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 58 | 16% | 50% | 34% | 79% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 56 | 17% | 45% | 38% | 76% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company pays in line with the terms set out in written agreements with suppliers, which it has for the majority of goods for resale suppliers. Where a written agreement does not exist, the company will pay suppliers of goods for resale to 90 days after the invoice date, and suppliers of goods not for resale to 30 days after the invoice date, provided the supplier sends an accurate invoice which quotes the correct purchase order or cost centre number.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The company raises payment instructions in line with the agreed payment terms, which make no allowance for fund transmission times. The funds are available to suppliers between 1 and 5 days after the payment terms date depending upon the method of transmission.
Maximum contractual payment period agreed
107
Where non-payment is caused by invoicing inaccuracy due to incorrect pricing/quantities or the quality of goods or services provided, the person responsible for the purchase will dispute the invoice by placing it on hold. Invoices that are subject to a dispute will not be paid until the issue is resolved. Suppliers are informed of held items in every remittance advice which is sent out. Once resolved, payment will be made in accordance with the terms of the contract, unless the invoice is overdue where it will be paid in the next available payment run.
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
TRAVIS PERKINS PLUMBING & HEATING LLP is a leading provider of plumbing and heating products and services in the United Kingdom. Their mission is to provide high-quality, sustainable solutions for their customers' plumbing and heating needs.
The company offers a wide range of products, including boilers, radiators, pipes, fittings, and bathroom fixtures. They also provide installation, repair, and maintenance services for residential and commercial properties.
TRAVIS PERKINS PLUMBING & HEATING LLP is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a recycling program in place to minimize waste and promote responsible disposal of materials. They also offer energy-efficient products and solutions to help customers reduce their carbon footprint.
The company is led by a team of experienced professionals, including managing director, Richard Adams, and finance director, Linda Retter. They are dedicated to providing excellent customer service and ensuring the company's sustainability goals are met.
For more information on their products, services, and sustainability efforts, customers can visit their website at www.travisperkinsplumbing.co.uk. Their registered office is located at Lodge Way House, Lodge Way, Harlestone Road, Northampton, NN5 7UG.