GARDNERS BOOKS LIMITED

Company number: 02010127

Reporting period:
1 September 2020 to 28 February 2021

---

This report was filed on 20 April 2021

and approved by Rupert Cox

Payment statistics

Average time taken to pay invoices: 60 days

Invoices paid:

• within 30 days: 39%
• in 31 to 60 days: 28%
• in 61 days or more: 33%

Invoices due but not paid within agreed terms: 3%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

120 days

Standard payment terms

Payment terms are negotiated with each supplier and range from 0 days to 30,60,90 & 120 days.

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

120 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

We aim to raise a dispute on an invoice within 10 days of receiving it and to allow for any delay in receiving the goods. This is handled by our purchase ledger clerks in the accounts department and the issue is raised with the relevant contact at our suppliers. We aim to resolve all disputes prior to the due date of the invoice so we are able to make payment in full to our suppliers.

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