CELF ADVISORS LLP
Company number: OC357078
Reporting period:
1 January 2020 to 30 June 2020
Report filed on:
30 July 2020
Approved by:
Colin Atkins
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 60%
- in 31 to 60 days: 32%
- in 61 days or more: 7%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 81%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
30 days
Standard payment terms
The business does not have standard contractual payment terms. Accordingly the ‘standard payment terms’ as defined for the purposes of the Payment Practices and Performance reporting is the most frequently used payment terms for qualifying contracts during the reporting period, which in the case of the business is 30 days. The shortest contractual payment period for payment that the business has agreed to is payable immediately upon receipt of invoice. As the business did not have standard contractual payment terms, there has been no change to these during the reporting period.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
45 days
The maximum contractual payment period is the longest period for payment that a business has agreed to in a qualifying contract entered during the reporting period, which in the case of the business is 45 days.
Any other information about payment terms
N/A
Dispute resolution process
Any complaint or concern from a supplier should initially be directed to the person in the business that ordered the goods or services from the supplier. If the supplier has difficulty contacting the relevant person then queries may be addressed to the Accounts Payable team at the registered address for the business in 1 St James’s Market, London, SW1Y 4AH
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No