CHEYNE CAPITAL MANAGEMENT (UK) LLP
Company number: OC321484
Reporting period:
1 April 2019 to 30 September 2019
Report filed on:
31 October 2019
Approved by:
David Hill
Payment statistics
Average time taken to pay invoices: 20 days
Invoices paid:
- within 30 days: 91%
- in 31 to 60 days: 6%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 20%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
We do not impose standard payment terms on suppliers for qualifying contracts. Cheyne Capital Management (UK) LLP agrees appropriate terms of payments with suppliers and abides by those terms on the timely submission of invoices.
In the absence of agreed terms with a supplier, the partnership's policy is to pay within 30 days of receipt of a valid invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
365 days
Certain contracts entered by the Partnership are annual invoices that are paid through a monthly direct debit over the period of the invoice.
Any other information about payment terms
N/A
Dispute resolution process
In the event of a dispute, the relevant department contact at Cheyne will contact the supplier in an attempt to resolve the issue promptly in accordance with the terms of the contract. In the event the issue is not resolved then it will be escalated to the Finance or Legal department as appropriate to pursue a swift resolution.
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 Fair 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.
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