GAM INTERNATIONAL MANAGEMENT LIMITED
Company number: 01802911
Reporting period:
1 January 2020 to 30 June 2020
Report filed on:
30 July 2020
Approved by:
Howard Jones
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 57%
- in 31 to 60 days: 25%
- in 61 days or more: 17%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 43%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
30 days
Standard payment terms
GAM has a usual payment term of 30 days
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
30 days
NA
Any other information about payment terms
The intercompany invoices are not included in this report as they are netted off against receivables immediately. Inclusion would distort the reported figures increasing the percentage of paid invoices within 30 days
Dispute resolution process
Initial queries are directed to the Accounts Payable team based in the UK. If the Accounts Payable team are unable to resolve queries, they are escalated to the business sponsor or company contact who engaged the supplier's services / requested goods.
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.
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