G1 GROUP PLC
Company number: SC262689
Reporting period:
1 October 2019 to 31 March 2020
Report filed on:
7 May 2020
Approved by:
Stephen McQuade
Payment statistics
Average time taken to pay invoices: 37 days
Invoices paid:
- within 30 days: 41%
- in 31 to 60 days: 56%
- in 61 days or more: 3%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 18%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
90 days
Standard payment terms
The business’s standard payment terms are 30 days from the last day of the month.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
n/a
Any other information about payment terms
n/a
Dispute resolution process
If a supplier wishes to raise a complaint or a dispute in relation to payments made under qualifying contracts, they should contact our central Purchase ledger Team on purchaseinvoices@g1group.co.uk who will try to resolve the dispute in the first instance. A response should be received within 28 days. If you are unhappy with the response or resolution Purchase Ledger will escalate to Director level where appropriate.
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 Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
Yes
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