FRED CHAMPION GROUNDWORKS LIMITED
Company number: 03200045
Reporting period:
1 April 2025 to 30 September 2025
Report filed on:
31 October 2025
Approved by:
Joanne Yeomans
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 22%
- in 31 to 60 days: 65%
- in 61 days or more: 13%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 6%
Payment terms
Shortest standard payment periods
65 days
Longest standard payment period
95 days
Standard payment terms
The most common payment terms are 65 days. A small number of suppliers have terms of 95 days. For suppliers of utilities, payment is processed on receipt of their invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
95 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Proof of delivery notes are matched to invoices and when these are missing the Accounts Payable team contacts the supplier directly for a copy. Prices are agreed in advance for materials. When a price on an invoice is not correct, the Accounts Payable team notifies the Surveyor concerned and the supplier is notified.
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 Fair 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