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GUMTREE.COM LIMITED

Company number: 03934849

Reporting period:
1 January 2018 to 30 June 2018


This information is as reported by the business, and responses are in their own words.

This report was filed on 27 July 2018

and approved by Dan Oseran

Payment statistics

Average time taken to pay invoices: 45 days

Invoices paid:

  • within 30 days: 63%
  • in 31 to 60 days: 20%
  • in 61 days or more: 17%

Invoices due but not paid within agreed terms: 43%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

60 days

Standard payment terms

Gumtree.com Limited, maintains payment terms of Net 45 days either after receipt of Supplier's valid invoice or after receipt of the Items, whichever is later. All invoices submitted to eBay for fixed assets in excess of $1,000, and for all other purchases in excess of $5,000, must make reference to the eBay Purchase Order number. Failure to reference the required Purchase Order information may delay the processing of payment to the Supplier. Unless otherwise required by local law or regulation, Seller agrees to submit invoices using eBay’s supplier portal. eBay uses the Ariba Network to manage its relationship with suppliers and encourages Suppliers to enroll in Ariba Network and submit all invoices electronically through this system Variations to these standard payment terms are by exception only, and only applied when negotiated and agreed by both parties.

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

60 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

Typically the supplier will coordinate with the PO requester and they will negotiate any disputes directly for low value dollar conracts (<250k). Other than that there is no exclusive dispute resolution process; the process may vary on the type of contract and the location where the service is provided.

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.

Yes

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