GOV.UK
GRASS VALLEY BROADCAST SOLUTIONS LIMITED
Company number: 02017053
Reporting period:
1 January 2019
to 30 June 2019
This report was filed on 21 October 2019
and approved by Angela Chamberlain
Payment statistics
Average time taken to pay invoices: 12 days
Invoices paid:
- within 30 days: 89%
- in 31 to 60 days: 9%
- in 61 days or more: 2%
Invoices due but not paid within agreed terms: 92 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
The Business does not have Standard payment terms; the most frequently used terms are 30
days net
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
N/A
Dispute resolution process
For any disputes or queries concerning payments, suppliers should address all enquiries in the
first instance, through to the Accounts Payable Team at grassvalley.invoices@belden.com, or
alternatively, to call the Accounts Payable Team on 0031-77-3878 363.
The Accounts Payable Team will then be able to acknowledge the dispute or query, and revert
back to the supplier with an update as quickly as possible, after checking their internal systems,
and if required, after liaising with other internal departments – to hopefully provide a swift
resolution for all parties.
Timescales of a full resolution would depend on the complexity and nature of the dispute or
query, but the Accounts Payable Team will respond back on the initial query email, or
telephone call, on receipt thereof.
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