COUNTRYWIDE ESTATE AGENTS
Company number: 00789476
Reporting period:
1 January 2018 to
30 June 2018
This report was filed on 30 July 2018
and approved by Himanshu Raja
Payment statistics
Average time taken to pay invoices: 53 days
Invoices paid:
- within 30 days: 23%
- in 31 to 60 days: 56%
- in 61 days or more: 21%
Invoices due but not paid within agreed terms: 82%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
The Countrywide Group has several standard payment terms for qualifying contracts. These range from 7 days to 60 days from receipt of invoice depending on the category of supplier We make weekly payment runs. Invoices that are due are processed in the next payment run.
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
60 days
The Countrywide Group has maximum payment terms of 60 days. This varies according to category of supplier.
Any other information about payment terms
N/A
Dispute resolution process
For any disputes the supplier should first contact the Countrywide Accounts Payable Team via email at cwea.payables@countrywide.co.uk. The Accounts Payable team will consider the complaint and respond accordingly. If you believe the dispute has not been resolved satisfactorily, you may escalate the dispute by contacting your relationship contact.
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