CHESTERTON GLOBAL LIMITED
Company number: 05334580
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 31 January 2020
and approved by Guy Gittins
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 63%
- in 31 to 60 days: 28%
- in 61 days or more: 8%
Invoices due but not paid within agreed terms: 45 %
Payment terms
Standard payment period for qualifying contracts
0 days
Standard payment terms
Supplier accounts are set up with the terms agreed with or requested by the supplier. The main reasons for payments being made outside of standard payment terms are invoice disputes and invoice processing issues which are in the process of being resolved.
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
Complaints or concerns should be raised in the first instance with the Accounts Payable team, for which all suppliers are advised the contact details. The Accounts Payable team will resolve or escalate across the business, as applicable.
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