GOV.UK
GLYNDEBOURNE ENTERPRISES LIMITED
Company number: 03937344
Reporting period:
1 January 2018
to 30 June 2018
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 26 July 2018
and approved by Sarah Hopwood
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 74%
- in 31 to 60 days: 15%
- in 61 days or more: 11%
Invoices due but not paid within agreed terms: 29 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Our terms are 30 days. We ,ay apy earlier at our discretion.
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
All invoices are posted to the the accounting system in the Finance Office. Invoice queries are made by the originating department directly with the supplier. Disputed invoices are resolved as soon as possible with the supplier. Unresolved invoices are escalated to the Head of Finance and Finance Manager and legal advice would be sought where appropriate to enable resolution of the matter,
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