DE VERE COTSWOLD WATER PARK LIMITED
Company number: 03987970
Reporting period:
1 January 2020 to 30 June 2020
Report filed on:
28 September 2020
Approved by:
James Burrell
Payment statistics
Average time taken to pay invoices: 55 days
Invoices paid:
- within 30 days: 17%
- in 31 to 60 days: 63%
- in 61 days or more: 20%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 21%
Payment terms
Shortest standard payment periods
28 days
Longest standard payment period
Answer not provided
Standard payment terms
End of month following month of invoice date i.e. end of month + 1 month
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
61 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
All invoices are approved by the employee who raised the associated purchase order (“orderer”). Where there is a dispute on the invoice, this is raised by the orderer with the supplier. This is done electronically where the order was raised on our e-procurement system and by phone/email otherwise. Any disputes that cannot be resolved between the orderer and the supplier are escalated to the central Procurement team who will investigate and manage until resolved.
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.
Yes
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?
Yes
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
Yes