CORDIA (SERVICES) LLP
Company number: SO302144
Reporting period:
1 October 2018 to 31 March 2019
Report filed on:
30 April 2019
Approved by:
Robert Anderson
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 80%
- in 31 to 60 days: 9%
- in 61 days or more: 11%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 20%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
30 days
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
Please note Cordia ceased trading on 29/09/18. In this reporting period, invoices paid over 30 days as a percentage of all invoices paid appears higher than in the previous 6 monthly reporting period . This is fully as a result of the winding up of Cordia and does not in any way demonstrate a deliberate holding back of payments.
Dispute resolution process
Suppliers would contact Customer & Business Services (CBS), Glasgow City Council in the first instance who manage Cordia’s Accounts Payable. CBS would advise the supplier if payment had already been made / was in transit. Should payment not have been authorised by appropriate Cordia official, CBS would pursue this on behalf of the supplier with a view to expediting payment.
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 Fair 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.
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