GOV.UK
THE DELTIC GROUP LIMITED
Company number: 07870512
Reporting period:
25 August 2019
to 24 February 2020
This report was filed on 11 March 2020
and approved by Alex Millington
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 62%
- in 31 to 60 days: 29%
- in 61 days or more: 9%
Invoices due but not paid within agreed terms: 75 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
60 days
Standard payment terms
Our standard payment terms are 60 days from the date stated on the invoice. The maximum contractual payment period that we have is 60 days. There has been no changes to this during the reporting period.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Our process for resolving disputes around payment will begin with an investigation of why a payment has not been made. If it is due to a process error within the group or lack of correct payee information it will be rectified and payment made as soon as possible. Resolution of all other disputes will start with the business owner for the expenditure – who will hold discussions with the vendor in order to work through any disagreement. If an agreement cannot be reached, then the dispute will be escalated through the Group to a member of senior management who are expected to reach a mutually acceptable resolution. If this does not work then the dispute will ultimately be escalated to the Group Finance Director for 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