GATELEY PLC
Company number: 09310187
Reporting period:
1 November 2020 to 30 April 2021
Report filed on:
28 May 2021
Approved by:
Neil Smith
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 68%
- in 31 to 60 days: 18%
- in 61 days or more: 14%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 54%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms for Gateley Plc are 30 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
60 days
60 days is our maximum standard payment terms, however we incur certain costs from certain suppliers where the payment term is linked to the outcome of a client's case.
Any other information about payment terms
n/a
Dispute resolution process
Queries are initially dealt with by our purchase ledger clerk, who liaises with the member of staff who ordered and authorised the expenditure. If no resolution is agreed the query is escalated to the Financial Controller and ultimately the Finance Director to resolve.
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.
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