CHARLES CHURCH DEVELOPMENTS LIMITED
Company number: 01182689
1 July 2018
to 31 December 2018
This report was filed on 30 January 2019
and approved by Mike Killoran
Average time taken to pay invoices: 48 days
- within 30 days: 30%
- in 31 to 60 days: 55%
- in 61 days or more: 15%
Invoices due but not paid within agreed terms: 29 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
Material purchase invoices: payment is due at the end of the month following the month of the invoice.
Supply and fit sub-contract invoices: payment is due at the end of the month following the month of the invoice.
Labour-only sub-contract invoices: payment is due at the end of the week following the week of the invoice.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
The payment performance reporting has been prepared on a consistent basis with previous submissions in that they are reporting the time taken between the date of receipt of the initial invoice and the date on which the approved invoice payment has been received by the supplier/subcontractor. To be clear, the data that is being reported includes invoices that have been received BUT were INCORRECT due to supplier errors on pricing or quantities delivered, or where the quality of the goods or services provided were below the specification agreed between ourselves and the supplier, or did not have an appropriately signed proof of delivery, and have been paid, following dispute resolution, in the reporting period are included within the payment performance statistics. Therefore, to be clear, the statistics reported do not report the timescales taken between the date of invoice approval and date on which the payment of the approved invoice has been received by the supplier/subcontractor. Obviously, these timeframes would be in accordance with our contracted terms of trade with each supplier. Having made enquiries of BEIS regarding the data that is required to be reported on we believe this is being reviewed and await further guidance.
Dispute resolution process
Disputes are dealt with by the relevant regional finance department.
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.
Yes – Prompt Payment Code
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?