CHILTERN INTERNATIONAL LIMITED
Company number: 01636704
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 30 July 2018
and approved by Mr Bob Pringle
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 53%
- in 31 to 60 days: 31%
- in 61 days or more: 16%
Invoices due but not paid within agreed terms: 42 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
75 days
Standard payment terms
The standard business terms are 30 and 60 days from receipt of invoice, however these can differ upon mutual agreement and included in the contract. Ranging from 7 days to 60.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
Any changes to the agreed payment terms will be discussed with the supplier in advance. Any Disputes are raised with the central procurement team who will assess whether the issue relates to price or quality of product and include the relevant teams in discussions with the supplier so that a resolution can be found.
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