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CHEYNE CAPITAL MANAGEMENT (UK) LLP

Company number: OC321484

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 4 May 2021

and approved by David Hill

Payment statistics

Average time taken to pay invoices: 22 days

Invoices paid:

• within 30 days: 88%
• in 31 to 60 days: 8%
• in 61 days or more: 4%

Invoices due but not paid within agreed terms: 27 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

We do not impose standard payment terms on suppliers for qualifying contracts. Cheyne Capital Management (UK) LLP agrees appropriate terms of payment with suppliers and abides by those terms on the timely submission of valid invoices.
In the absence of agreed terms with a supplier, the LLP’s policy is to pay within 30 days of receipt of a valid invoice.

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

No

Maximum contractual payment period agreed

365 days

Any other information about payment terms

N/A

Dispute resolution process

In the event of a dispute, the relevant business contact at Cheyne (which will vary from contract to contract) will contact the supplier in an attempt to resolve the issue. The business contact will aim to deal with the dispute promptly in accordance with the terms of the contract and escalate to Finance or Legal as appropriate to ensure a swift resolution.

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