PAULTONS PARK LIMITED
Company number: 02029374
Reporting period:
25 May 2020 to 29 November 2020
Report filed on:
15 December 2020
Approved by:
Richard Mancey
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 61%
- in 31 to 60 days: 34%
- in 61 days or more: 5%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 14%
Payment terms
Shortest standard payment periods
15 days
Longest standard payment period
Answer not provided
Standard payment terms
Unless negotiated separately between us and the supplier, our standard payment terms are 30 days from date of invoice
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
60 days
No further comment provided
Any other information about payment terms
Our systems do not record the date that the invoice is received so our data analysis is based on the payment days from the date of the invoices and is therefore a worst case result.
Dispute resolution process
Any queries on invoices from suppliers are reported back to the supplier promptly after receiving the invoice. We review all invoices with outstanding queries every 14 days and communicate regularly with the supplier to reach a prompt 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 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.
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