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SOUTH LANARKSHIRE LEISURE AND CULTURE LIMITED

Company number: SC225702

Reporting period:
1 October 2019 to 31 March 2020

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

This report was filed on 5 May 2020

and approved by Councillor Peter Craig

Payment statistics

Average time taken to pay invoices: 20 days

Invoices paid:

• within 30 days: 90%
• in 31 to 60 days: 7%
• in 61 days or more: 3%

Invoices due but not paid within agreed terms: 8 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

Contract pmt shall be made within 30 calendar days of receipt and agreement of invoices

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

N/A

Dispute resolution process

Both parties will use their reasonable endeavours to resolve any dispute between them in respect to the contract and to reach and amicable and workable resolution of the matter in dispute with 10 working days of either party notifying the other of the dispute arising or within such other mutually acceptable timescale.
Such endeavours shall involve the escalation of the dispute to the General Manager (or equivalent) of each party.

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