CADOGAN ESTATES LIMITED
Company number: 00687324
Reporting period:
1 January 2019 to 30 June 2019
Report filed on:
23 July 2019
Approved by:
Paul Loutit
Payment statistics
Average time taken to pay invoices: 22 days
Invoices paid:
- within 30 days: 72%
- in 31 to 60 days: 26%
- in 61 days or more: 2%
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: 3%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Our standard payment terms are 30 days from invoice date but exceptions may arise following disagreement over an invoice or if it is received without sufficient time to be processed. We are committed to paying our suppliers on time within the agreed terms from the outset of any commencement of work. We will not attempt to amend payment terms retrospectively and will provide suppliers with clear and accessible guidance on payment procedures. We will promptly advise suppliers if there is an issue with an invoice and why it cannot be paid within the agreed terms. Were there any changes to the standard payment terms in
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
No further comment provided
Dispute resolution process
The company in its history has had minimal disputes or complaints in respect of its payments process. Initially all disputes or complaints about payments would be administered through the accounts payable team, who would investigate the reasons for non-payment of supplier invoices. If the matter remained unresolved it would be escalated to the relevant operational team within the company to which the invoice related and they would then provide the supplier with the explanation as to why payment was being withheld and the necessary steps required to resolve the matter. It is the company's objective to deal with and resolve any disputes and complaints in a timely manner.
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.
Yes, this business has signed up to: Prompt Payment Code
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