THE GATESHEAD HOUSING COMPANY

Company number: 04944719

Reporting period:
1 April 2019 to 30 September 2019

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This report was filed on 18 October 2019

and approved by Neil Bouch

Payment statistics

Average time taken to pay invoices: 21 days

Invoices paid:

• within 30 days: 84%
• in 31 to 60 days: 12%
• in 61 days or more: 4%

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

The standard payment terms for all invoices 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

30 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

All suppliers are advised to contact the accountancy team regarding any unpaid invoices and are made aware of the telephone number and email address to contact. The accountancy team will check the finance system and request copies of any invoices that have not been received. If an invoice is already on the system but has not been authorised then they will contact the relevant manager to discuss the invoice and either the relevant manager or accounts team will contact the supplier to provide them with an update.

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