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SOUTH DOWNS CAPITAL LIMITED

Company number: 04288161

Reporting period:
1 October 2017 to 31 March 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 April 2018

and approved by Helen Orton

Payment statistics

Average time taken to pay invoices: 16 days

Invoices paid:

• within 30 days: 98%
• in 31 to 60 days: 2%
• in 61 days or more: 0%

Invoices due but not paid within agreed terms: 25 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

30 days

Standard payment terms

30 days from date of invoice

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

No

Maximum contractual payment period agreed

30 days

This is 30 days End of Month.

Any other information about payment terms

N/A

Dispute resolution process

Through close relationships with our suppliers we are in are fortunate to have minimal instances where payment of invoices has been in dispute. Our current process means that both the Financial Controller and the Purchasing Manager are aware on a day to day basis of any payment disputes and these are actioned and resolved quickly. Statements are reconciled monthly and all of our spend is covered by a Purchase Order system which is managed on a daily basis.

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.

Yes

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