GOV.UK
ASTRA GAMES LTD
Company number: 09280224
Reporting period:
1 January 2020
to 30 April 2020
This report was filed on 31 July 2020
and approved by Stewart Baker
Payment statistics
Average time taken to pay invoices: 67 days
Invoices paid:
- within 30 days: 1%
- in 31 to 60 days: 56%
- in 61 days or more: 43%
Invoices due but not paid within agreed terms: 67 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Standard payment terms are 30 days End of Month, i.e. if an invoice is dated 12th April it will be paid on 31st May.
Were there any changes to the standard payment terms in the reporting period?
Yes –
In light of the global Covid pandemic, the company had almost all it's revenue streams ceased overnight on 22nd March.
Following this, payment plans were renegotiated and agreed with a number of suppliers which the Company has adhered to fully.
These amounts though, in line with the reporting guidelines and following advice from the Payment Practice Reporting Group were still showed as paid late, hence the increase in the % of invoices paid late.
Were suppliers notified or consulted about these changes before they were made?
Yes – All payment plans were fully agreed with suppliers that we were unable to pay in line with terms due to the Covid outbreak and countries going into lockdown, meaning that the Company lost almost all its revenue streams overnight on 22 March.
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
Dispute resolution process
Disputes with regards to production parts are resolved with reference to the signed delivery notes etc.
Disputes with regards to services would involve contacting the supplier for more information and resolving with the authorised manager.
Disputes with regards to whether a payment has been made will be resolved via providing bank confirmations.
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