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GANT UK LIMITED

Company number: 02474645

Reporting period:
1 July 2018 to 31 December 2018

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

This report was filed on 30 January 2019

and approved by Peter Lay

Payment statistics

Average time taken to pay invoices: 19 days

Invoices paid:

• within 30 days: 95%
• in 31 to 60 days: 5%
• in 61 days or more: 0%

Invoices due but not paid within agreed terms: 45 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

60 days

Standard payment terms

Payment terms are agreed with suppliers as part of negotiations. The most common payment terms of invoices paid in the period is net 30 days.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

The company seeks to pay all suppliers on time and within agreed terms subject to receiving the invoice, associated goods/services, and accurate supporting information (where required) in a timely manner.

Dispute resolution process

Disputes are resolved through negotiation with the supplier concerned, with such negotiations being entered into in good faith and with the intention of agreeing a satisfactory outcome for both parties.

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

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