THE GURKHA WELFARE TRUST
Company number: 05098581
Reporting period:
1 January 2019
to 30 June 2019
This report was filed on 16 September 2019
and approved by A Howard
Payment statistics
Average time taken to pay invoices: 12 days
Invoices paid:
- within 30 days: 98%
- in 31 to 60 days: 2%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 2 %
Payment terms
Standard payment period for qualifying contracts
5 days
Standard payment terms
The GWT pays in accordance with suppliers terms and conditions and does not impose any additional payment terms. Payment is aimed to be within one week of invoice receipt authorisation by the responsible recipient for the goods/services.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
Dispute resolution process
Initial disputes and complaints should be addressed with the supplier and the GWT named official responsible for the order. If unable to resolve, the issue should be escalated initially to Head of Finance and then to Director GWT. The GWT aims to resolve any issues as quickly as possible.
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