PLAYNATION LIMITED

Company number: 08258418

Reporting period:
1 July 2020 to 31 December 2020

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This report was filed on 29 January 2021

and approved by Stewart Baker

Payment statistics

Average time taken to pay invoices: 62 days

Invoices paid:

• within 30 days: 11%
• in 31 to 60 days: 25%
• in 61 days or more: 64%

Invoices due but not paid within agreed terms: 70%

Payment terms

Shortest standard payment periods

60 days

Longest standard payment period

Answer not provided

Standard payment terms

60 days from date of invoice, unless specific terms between the Company and the Supplier are agreed. We do BACS payment runs every week.

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

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

N/A

Dispute resolution process

Disputes would be directed to the Accounts Payable Manager, who would check any existing supplier terms or contract. If the Company has set terms incorrectly, a Supplier amendment form is prepared and signed by Financial Controller. If no contract or paperwork exists or or the payment terms are ambiguous, the Financial Controller would refer to the Director responsible for the supply and seek agreement to change terms or not.

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, 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