CHESS ICT LIMITED
Company number: 04512773
Reporting period:
1 May 2017 to
31 October 2017
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