BETA This is a new service – your feedback will help us to improve it.

SINCLAIR GARAGES (NEWPORT) LTD.

Company number: 02521128

Reporting period:
1 July 2019 to 31 December 2019


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

This report was filed on 30 January 2020

and approved by Andrew J Sinclair

Payment statistics

Average time taken to pay invoices: 37 days

Invoices paid:

Invoices due but not paid within agreed terms: 35 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

90 days

Standard payment terms

Unless informed otherwise by our supplier we will pay on 25th of month following date of invoice

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

No

Maximum contractual payment period agreed

90 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

Invoices are registered on the system by the accounts team and invoice register is checked regularly.
Any non-returns from department managers are noted and chased. When informed of disputes the DMS is logged accordingly.
The departmental manager will deal with their own individual disputes and report back to accounts when resolved.
Accounts will not 'pass register' a document until instructed by the relevant manager.

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