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BLUESTONE RESORTS LIMITED

Company number: 06797991

Reporting period:
4 January 2019 to 3 July 2019

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This information is as reported by the business, and responses are in their own words.

This report was filed on 2 August 2019

and approved by Kevin Ward

Payment statistics

Average time taken to pay invoices: 31 days

Invoices paid:

• within 30 days: 56%
• in 31 to 60 days: 42%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 31 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

60 days

Standard payment terms

Our payment terms are 30 days end of month. Different payment terms are negotiated with some suppliers when credit accounts are agreed. Our longest standard payment period is 45 days end of month which equates to circa 60 days average.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

60 days

N/A

Any other information about payment terms

Bluestone Resorts Limited endeavours to pay all suppliers within agreed terms and on time. This is subject to receiving the invoices in a timely manner and ordered goods/services along with matching purchase order numbers.

Dispute resolution process

Disputes over inaccuracies of the invoices and the orders are negotiated involving the supplier and the Bluestone employee responsible for placing the order. Disputes relating to payments are negotiated between the finance department and the supplier.

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