HIGHBRIDGE CARAVAN CENTRE LIMITED
Company number: 01953871
Reporting period:
1 July 2020 to 31 December 2020
Report filed on:
28 January 2021
Approved by:
Lawrence Davies
Payment statistics
Average time taken to pay invoices: 36 days
Invoices paid:
- within 30 days: 54%
- in 31 to 60 days: 39%
- in 61 days or more: 7%
Late and disputed:
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
90 days
Standard payment terms
Highbridge Caravan Centre Ltd have a variety of long established trading contracts in place. For suppliers of shop, workshop and services rendered these suppliers tend to have payment terms that fall between 7 and 90 day periods. We adhere to their payment terms and conditions at all times. In the unlikely event that a payment made elapses the agreed terms it is typically due to a delay of receiving the Invoice. Once the oversight has been brought to our attention then the payment is then processed as a matter of urgency. Any queries regarding Invoices is flagged with the supplier in a timely manner, and well within the set payment terms.
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
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
In the event of a dispute concerning a supplier Invoice, then this is discussed with the supplier concerned to resolve the query in a timely manner, and certainly within the contractual terms and conditions.
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