CSM SPORT AND ENTERTAINMENT LLP
Company number: OC368517
1 July 2020
to 31 December 2020
This report was filed on 27 January 2021
and approved by Rainer Fuchs
Average time taken to pay invoices: 29 days
- within 30 days: 57%
- in 31 to 60 days: 37%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 29 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
The most frequently used payment terms agreed were 30 days
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Monthly payment run
Any other information about payment terms
Dispute resolution process
If there is a query or dispute on a supplier invoice, the invoice status will be noted as "Query" within the financial information system. The member of the Purchase Ledger team responsible for that supplier will make contact with either the point of contact indicated on the invoice or the normal point of contact for the supplier, to explain the circumstances for the query or dispute. The expected timescale for the resolution of supplier queries is five working days.
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.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?