GOV.UK
QUADRATURE CAPITAL LIMITED
Company number: 09516131
Reporting period:
1 February 2020
to 31 July 2020
This report was filed on 26 August 2020
and approved by Greg Skinner
Payment statistics
Average time taken to pay invoices: 14 days
Invoices paid:
- within 30 days: 91%
- in 31 to 60 days: 9%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 9 %
Payment terms
Standard payment period for qualifying contracts
0 days
Standard payment terms
In accordance with Quadrature Capital Limited's Payment Policy, we are committed to paying all undisputed sums that are due to third party suppliers in accordance with the terms of our agreements. If no payment terms are specified, we endeavor to pay within 30 days of receipt of a valid invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
36 days
Any other information about payment terms
N/A
Dispute resolution process
We pay valid, undisputed invoices within the agreed payment period. If we dispute any item in an invoice, we aim to:
1. promptly inform the supplier of the disputed invoice;
2. explain why we do not agree with the invoice; and
3. reach a mutually acceptable outcome.
We encourage our suppliers to contact our finance department or other authorised representative of the firm to discuss disputes. If a mutually acceptable outcome cannot be achieved, we will follow the terms of the agreement, which may involve mediation or the use of other dispute resolution services. We apply the same process to instances where there is no documented contract.
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