RAWLE GAMMON & BAKER HOLDINGS LIMITED
Company number: 00308273
Reporting period:
1 April 2019
to 30 September 2019
This report was filed on 31 October 2019
and approved by Paul Turner
Payment statistics
Average time taken to pay invoices: 44 days
Invoices paid:
- within 30 days: 14%
- in 31 to 60 days: 82%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 1 %
Payment terms
Shortest standard payment period
1 days
Longest standard payment period
90 days
Standard payment terms
End of month following
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
Dispute resolution process
o All queries relating to invoicing inaccuracy are handled by the branch that originally placed the order with the supplier. The invoice will be placed in query and will not be paid until the issue is resolved. Suppliers are informed of held invoices and are able to contact the accounts payable team at head office if they wish to. Once resolved, payment will be made in accordance with the terms of the contract or in the next available payment run if the invoice is overdue.
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