GRASS VALLEY LIMITED
Company number: 01160119
Reporting period:
1 January 2019 to 30 June 2019
Report filed on:
5 July 2019
Approved by:
Timothy Banks
Payment statistics
Average time taken to pay invoices: 81 days
Invoices paid:
- within 30 days: 18%
- in 31 to 60 days: 19%
- in 61 days or more: 63%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 82%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
Answer not provided
Standard payment terms
The Business does not have Standard payment terms; the most frequently used terms are EOM60 (End of Month 60 days) – translated into days, this could equate to a payment date from anything between 60 days (for an invoices dated & processed on the last day of the month), up to 90 days (for an invoice dated & processed on the first day of a 31-day month).
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
120 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
For any disputes or queries concerning payments, suppliers should address all enquiries in the first instance to the Accounts Payable Team at grassvalley.invoices@belden.com, or alternatively call the Accounts Payable Team on 0031-77-3878 365. The Accounts Payable Team will then be able to acknowledge the dispute or query and revert back to the supplier with an update as quickly as possible, after checking their internal systems and if required, after liaising with other internal departments – to hopefully provide a swift resolution for all parties. Timescales of a full resolution would depend on the complexity and nature of the dispute or query, but the Accounts Payable Team will respond back to the initial query email or telephone call, on receipt thereof.
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.
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