HELSTON GARAGES LIMITED
Company number: 00703021
Reporting period:
1 January 2020
to 30 June 2020
This report was filed on 21 July 2020
and approved by Jonathan C Glanville
Payment statistics
Average time taken to pay invoices: 29 days
Invoices paid:
- within 30 days: 51%
- in 31 to 60 days: 43%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 6 %
Payment terms
Standard payment period for qualifying contracts
2 days
Standard payment terms
Standard payment policy for approved invoices is that payment is made by the end of month following the month of the invoice date.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
Helston Garages' culture is to act with integrity. This includes payment of suppliers within agreed payment terms. It is our aim to resolve disputes in a fair and honourable manner.
Dispute resolution process
Disputes are resolved by discussion and agreement between the supplier’s main contact and our member of dealership management who would typically have ordered the goods and services.
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