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GREGORY DISTRIBUTION LIMITED

Company number: 01329163

Reporting period:
1 October 2020 to 31 March 2021

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

This report was filed on 8 April 2021

and approved by Robert Norman

Payment statistics

Average time taken to pay invoices: 56 days

Invoices paid:

• within 30 days: 6%
• in 31 to 60 days: 68%
• in 61 days or more: 26%

Invoices due but not paid within agreed terms: 63 %

Payment terms

Shortest standard payment period

31 days

Longest standard payment period

81 days

Standard payment terms

The company operates payment to a set of standard terms. These are end of month plus 40 days from date of invoice. End of month plus 30 days from date of invoice for fuel and labour related suppliers. End of month plus 50 days from date of invoice for subcontractors.

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

No

Maximum contractual payment period agreed

81 days

Any other information about payment terms

N/A

Dispute resolution process

Claims for any disputed invoices are investigated by the finance department with the supplier to confirm the nature of the query. The invoice is typically placed on hold until the dispute is resolved. If the matter cannot be resolved by the finance department, the manager who placed the order for goods / services will be consulted to resolve the matter with their contact at the supplier.

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