Accounts

Accounts payable work hard to accommodate all suppliers and have a very good working relationship with all the companies we deal with. Over the past few years we have strived to improve the system for both suppliers and ourselves.

Since February 2005 there has been a 46% rise in the number of purchase invoices we receive. The increase in the volume of invoices is mainly due to the new facilities for the recycling of waste. We pay the majority of invoices on the first day of the month, after one calendar month (for example an invoice dated 15 Feb is paid 01 April). Some of the larger companies such as the utilities have different payment systems, these are paid either by direct debit or cheque when prompted.

As with any company there will always be queries on some of the invoices, we aim to assist our suppliers rectify any errors as soon as possible. In an attempt to reduce the time it takes to arrange payments to suppliers we try to reduce the number of cheques we raise by paying as many as possible by Bankers Automated Clearing Services (BACS) or in some cases by Direct Debit. We find that the use of BACS system to be beneficial to all concerned.

We now pay 80% of suppliers by BACS - this is an ongoing process as new suppliers are sourced and arrangements made to pay them through the bank.

Any further queries should be made through our administrative office.