GALLIARD HOMES LIMITED
Company number: 02158998
Reporting period:
1 April 2020
to 30 September 2020
This report was filed on 3 November 2020
and approved by Allan Porter
Payment statistics
Average time taken to pay invoices: 22 days
Invoices paid:
- within 30 days: 78%
- in 31 to 60 days: 19%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 60 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Supplier invoices (through the purchase ledger) are paid at the end of the week prior to their due date. Subcontractor payments (through the subcontract ledger) are made in accordance with the terms of the subcontract order.
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
Supplier invoice queries are dealt with by either the purchase ledger or the buying department depending on the nature of the query. Subcontract queries that cannot be resolved by the subcontract ledger department are referred to the relevant surveyor for resolution.
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