GP STRATEGIES LIMITED

Company number: 08003789

Reporting period:
1 July 2018 to 31 December 2018

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This report was filed on 30 January 2019

and approved by SCOTT GREENBERG

Payment statistics

Average time taken to pay invoices: 49 days

Invoices paid:

• within 30 days: 27%
• in 31 to 60 days: 56%
• in 61 days or more: 17%

Invoices due but not paid within agreed terms: 47%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

90 days

Standard payment terms

45 days

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

90 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

The Company is committed to dealing with suppliers in a fair and transparent manner. Complaints should be raised in the first instance to the Accounts Payable department at ukap@gpstrategies.com. The first point of escalation is the Accounts Payable Manager, followed by the Operations Team Lead responsible for the purchase. If the dispute cannot be resolved it will be escalated to the relevant UK Director.

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