CHESS ICT LIMITED

Company number: 04512773

Reporting period:
1 May 2017 to 31 October 2017

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This report was filed on 9 July 2018

and approved by Mark Lightfoot

Payment statistics

Average time taken to pay invoices: 37 days

Invoices paid:

• within 30 days: 50%
• in 31 to 60 days: 38%
• in 61 days or more: 12%

Invoices due but not paid within agreed terms: 16%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

Standard terms are 30 days

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

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

For queries and disputes, suppliers should in the first instance contact our purchase ledger team via email (financeteam@chessict.co.uk) or by phone (0845 1300963). Issues regarding goods or service quality are normally resolved by the individual or team placing the purchase commitment. This may be escalated to our legal team for resolution in the event of a continued dispute.

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, 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.

Yes

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