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Company number: 05626447

Reporting period:
1 April 2019 to 30 September 2019

Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 31 October 2019

and approved by Ebele Akojie

Payment statistics

Average time taken to pay invoices: 21 days

Invoices paid:

Invoices due but not paid within agreed terms: 0 %

Payment terms

Standard payment period for qualifying contracts

14 days

Standard payment terms

The CHA Ventures Limited has two types of contracts, one for construction and the other for consultancy. The standard payment terms for the construction contracts vary from 21 to 28 days and the standard consultancy payments terms are 14 to 28 days

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


Maximum contractual payment period agreed

28 days

Any other information about payment terms


Dispute resolution process

Payments under dispute are reported to the Finance department and reported to the relevant business area who will liaise with the supplier to resolve the dispute. No fixed time is assigned to resolving payment in 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.


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.


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.


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?


During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?