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DAY’S PROPERTY HOLDINGS LIMITED

Company number: 10792500

Reporting period:
1 July 2019 to 31 December 2019

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

This report was filed on 7 February 2020

and approved by Grant Matthews

Payment statistics

Average time taken to pay invoices: 28 days

Invoices paid:

• within 30 days: 48%
• in 31 to 60 days: 48%
• in 61 days or more: 5%

Invoices due but not paid within agreed terms: 1 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

365 days

Standard payment terms

Depending on the supplier's requirement. We have examples of:
- 30 days from document date (30 days), 
- 30 days from end of the month (60 days), 
- Direct Debits (30 days by default). 
-Immediate or next day payments for used vehicles or cash accounts
-30 to 120 days for new vehicles direct from manufacturers
365 days informally for inter group transactions

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

No

Maximum contractual payment period agreed

365 days

Any other information about payment terms

N/A

Dispute resolution process

Being chased for non-payment- 
Investigate with dept manager for any issues
If no issue found, request copy invoice and authorise with manager to pay
If there is a dispute, manager and Accounts dept will work with supplier for prompt resolution

Disputed readings -
Contacting supplier with correct amounts due and seeking resolution.
Evidence recorded and communicated to achieve 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 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