CONVIVIALITY GROUP LIMITED
Company number: 02550982
Reporting period:
1 May 2017 to
29 October 2017
This report was filed on 30 November 2017
and approved by Mark Moran
Payment statistics
Average time taken to pay invoices: 59 days
Invoices paid:
- within 30 days: 12%
- in 31 to 60 days: 58%
- in 61 days or more: 30%
Invoices due but not paid within agreed terms: 62%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
120 days
Standard payment terms
Wine purchasing – 60 days for UK collection/ deliveries; 90 days (European collection/deliveries); 120 days (Rest of the world collections/deliveries). All periods commence on 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
120 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Claims for any disputed invoices are raised to the supplier detailing if the query relates to a quantity discrepancy (short delivery) or a pricing query. If the claim relates to a pricing query this is submitted to the supplier along with the supporting evidence from the buyers. The invoice is typically placed on hold until a credit is received to clear the claim.
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