CASTLE LEISURE LTD
Company number: 00118558
Reporting period:
1 January 2019 to 30 June 2019
Report filed on:
19 December 2019
Approved by:
Wayne Davies
Payment statistics
Average time taken to pay invoices: 29 days
Invoices paid:
- within 30 days: 51%
- in 31 to 60 days: 50%
- in 61 days or more: 0%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
53 days
Standard payment terms
Payment are made on valid and authorised invoices no later than than the 22nd of the month following receipt. This gives a maximum date between receipt and payment of 53 days.
Payment to smaller suppliers are made the week following receipt of their 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
53 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
We maintain strong and long term relationships with all our suppliers. Disputes are rare and are dealt with the supplier directly to agree a mutual 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.
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