GOV.UK
GLEN GRANT LIMITED
Company number: SC292101
Reporting period:
1 January 2019
to 30 June 2019
This report was filed on 31 July 2019
and approved by Sandra Saenger
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 38%
- in 31 to 60 days: 49%
- in 61 days or more: 13%
Invoices due but not paid within agreed terms: 38 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
60 days
Standard payment terms
We have a standard payment term of 60 days for all kind of purchases. however if the supplier demands/negotiates for a shorter payment term we would consider an earlier payment term, usually 30 days or sometimes “on sight” i.e. up on receipt of the invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
At Glen Grant Limited/Campari UK, we strive to resolve queries and disputes on a timely basis. If a supplier raises a query regarding any invoice, the Campari employee who raised the purchase order which led to the issue of the invoice in question (PO- Owner) will review the issue raised and perform any necessary inspections of or enquiries into the goods/service received. The PO-Owner will then communicate with the supplier via telephone or email. In most cases, the PO-Owner will resolve a dispute directly with the supplier.
In the rare event that the dispute cannot be resolved promptly by the PO-Owner, the PO-Owner will refer the matter to the Finance Director and Director of the department by which the purchase order was raised. At this stage, our in-house legal counsel is generally also involved.
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
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