Published reports

GAP (UK HOLDINGS) LIMITED

Company number: 03720778

This information is as reported by the business, and responses are in their own words.

Reporting period:

2 August 2020 to 30 January 2021

Report filed on:

25 February 2021

Approved by:

N Groom

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Payment statistics

Average time taken to pay invoices: 15 days

Invoices paid:

• within 30 days: 100%

Late and disputed:

Payment terms

Shortest standard payment periods

28 days

Longest standard payment period

58 days

Standard payment terms

Month end plus 28 days

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

58 days

No further comment provided

Any other information about payment terms

No further comment provided

Dispute resolution process

Disputes are handled on a case-by-case basis. The company first seeks to resolve disputes informally. If informal resolution cannot be achieved the parties will follow the dispute resolution process as detailed in the supplier’s contract.

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.

Yes

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