THE CLINKARD GROUP LIMITED
Company number: 02771054
Reporting period:
28 July 2018 to 26 January 2019
Report filed on:
15 July 2019
Approved by:
Jonathan Mankin
Payment statistics
Average time taken to pay invoices: 25 days
Invoices paid:
- within 30 days: 69%
- in 31 to 60 days: 28%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
97 days
Standard payment terms
We pay to suppliers payment terms, which are usually 14 days for stock purchases. Payment terms for non stock items are usually 30 days. We endevour to pay all our suppliers by their payment terms as we receive settlement discount. Anything outside of payment terms would be due queries on any invoices. Also we do have some suppliers which we take in early but payment may not be due for many months after the date of invoice.
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
95 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
we would contact the supplier and liase with any discrepancies / issues. We would then endevour to resolve the issue and we would normally receive a credit or a change in supply.
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