ASTER PROPERTY LIMITED
Company number: 04628065
Reporting period:
1 October 2019
to 31 March 2020
This report was filed on 22 April 2020
and approved by Sharon Simmonds
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 69%
- in 31 to 60 days: 22%
- in 61 days or more: 9%
Invoices due but not paid within agreed terms: 82 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
30 days
Standard payment terms
https://www.aster.co.uk/corporate/about-us/terms-and-conditions
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
Due to the COVID-19 virus Aster Property have carried out an exercise to identified Aster Property’s key suppliers and marked them for immediate payment. This will speed up payments for works completed.
Dispute resolution process
ou will be contacted back by a member of the PL team within 48 hours. All escalations of disputes need to be addressed with the PL 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