PUNCH PARTNERSHIPS (PGRP) LIMITED
Company number: 03988664
Reporting period:
19 August 2018 to 18 February 2019
Report filed on:
1 April 2019
Approved by:
Ed Bashforth
Payment statistics
Average time taken to pay invoices: 27 days
Invoices paid:
- within 30 days: 53%
- in 31 to 60 days: 47%
Late and disputed:
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
For qualifying contracts we use the following payment terms: 30 days from date of invoices or 60 days from date of 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
60 days
n/a
Any other information about payment terms
n/a
Dispute resolution process
Queries from our suppliers are assigned to a colleague to action and queries are addressed within two working days. Any changes to contacts or email addresses are also communicated to all our suppliers. Initial contact point is: accountspayablequeries@punchtaverns.com
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