R.G. CARTER LIMITED
Company number: 00270273
Reporting period:
1 July 2020
to 31 December 2020
This report was filed on 29 January 2021
and approved by Emily Vinters
Payment statistics
Average time taken to pay invoices: 38 days
Invoices paid:
- within 30 days: 71%
- in 31 to 60 days: 22%
- in 61 days or more: 7%
Invoices due but not paid within agreed terms: 9 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
R G Carter Limited payment terms are end of month following the date of the invoice. Invoices can therefore be paid between 30 and 60 days depending on the date of the invoice
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
No
Any other information about payment terms
No
Dispute resolution process
Central Transactional Finance staff liaise directly with suppliers to resolve invoice queries. In the event that a resolution cannot be made, the query is escalated to the relevant Manager to agree a solution.
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