NORTHGATE PLC
Company number: 00053171
Reporting period:
1 May 2017 to 31 October 2017
Report filed on:
30 November 2017
Approved by:
David Tilston
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 28%
- in 31 to 60 days: 63%
- in 61 days or more: 9%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 13%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
61 days
Standard payment terms
End of Month following date of invoice for non vehicle purchases. 7 days from date of invoice for vehicle purchases.
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
91 days
Where non standard terms of 60 days following end of month of receipt of invoice are agreed with suppliers then the maximum contractual period could be up to 91 days
Any other information about payment terms
n/a
Dispute resolution process
Accounts payable use a query management system and assign queries to relevant personnel. Dispute resolution then conducted in house by assigned personnel. This is completed on a timely basis. Suppliers may be contacted when appropriate.
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