CHARLES CHURCH DEVELOPMENTS LIMITED

Company number: 01182689

Reporting period:
1 July 2018 to 31 December 2018

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This report was filed on 30 January 2019

and approved by Mike Killoran

Payment statistics

Average time taken to pay invoices: 48 days

Invoices paid:

• 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%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

77 days

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?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

62 days

No further comment provided

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, this business has signed up to: 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.

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.

Yes

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