GOV.UK
GVA GRIMLEY LIMITED
Company number: 06382509
Reporting period:
1 July 2019
to 31 December 2019
This report was filed on 30 January 2020
and approved by Paul Holcombe
Payment statistics
Average time taken to pay invoices: 44 days
Invoices paid:
- within 30 days: 35%
- in 31 to 60 days: 46%
- in 61 days or more: 19%
Invoices due but not paid within agreed terms: 67 %
Payment terms
Shortest standard payment period
14 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms state that payment of third party invoices for goods and services will
be made within 60 days of receipt of a correct, undisputed and properly due VAT invoice, unless
otherwise agreed in writing by a duly authorised representative.
Where the supplier is deemed to be a small sized entity the standard payment terms are reduced to
30 days from receipt of a correct, undisputed and properly due VAT invoice, unless otherwise
agreed in writing by a duly authorised representative.
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
We have good relationships with our suppliers and do not generally have significant disputes
relating to payments. We endeavour to resolve all disputes in a fair and timely manner. Disputes are
resolved by discussion and agreement with a supplier and are typically managed by the dedicated
accounts payable team.
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