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GLENRATH FARMS LTD.

Company number: SC042166

Reporting period:
1 June 2019 to 30 November 2019


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

This report was filed on 23 December 2019

and approved by Sandra Dall

Payment statistics

Average time taken to pay invoices: 45 days

Invoices paid:

Invoices due but not paid within agreed terms: 1 %

Payment terms

Standard payment period for qualifying contracts

12 days

Standard payment terms

2 BACS runs on either the 12th or 28th of the month following the invoice month.

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

No

Maximum contractual payment period agreed

59 days

Any other information about payment terms

N/A

Dispute resolution process

We contact the company to query and discuss an invoice

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.

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