FP MCCANN LIMITED

In general terms, the payment terms adopted by FP McCann are for invoices to be settled on the next payment run following the credit terms requested by the respective supplier. These terms cover a range of periods mostly payment falling due at the end of one or two months following the invoice date. Consequently, when the invoice is approved by the appropriate delegated authority, it is allocated for payment accordingly. There have been no changes to this policy during the reporting period. Payments made direct to bank accounts via BACS or via cheque. To ensure prompt payment and reduce the risk of invoice rejections. • The invoice must be in English, addressed to FP McCann Limited and sent to the correct address: 3 Drumard Road, Magherafelt, BT45 8QA or placcounts@fpmccann.co.uk • Purchase Order numbers must be quoted clearly on the front page of the invoice • Invoices must mirror the Purchase Order (i.e. state the goods and services in a similar format – quantity, price per unit, total price per line) • Suppliers must provide us with changes to bank details or addresses for payment in reasonable time to be included in the payment.

In the event of a dispute with another party FP McCann will engage with that party in good faith to establish the full grounds of any such dispute, with a view to reaching settlement as swiftly as possible. Initial queries are dealt with by our purchase ledger department who will then liaise with the appropriate site or department to resolve the query. If resolution is not possible in this way the dispute will be escalated to senior management.