GIGACLEAR LIMITED
Company number: 07476617
Reporting period:
1 January 2021 to 30 June 2021
Report filed on:
29 July 2021
Approved by:
Ian Wade
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 78%
- in 31 to 60 days: 17%
- in 61 days or more: 5%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
payment terms are net 30 paid in weekly pay run on due date
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
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Handling Your Complaint:
Upon receiving a complaint, our Account Department will acknowledge your contact via telephone or in writing within 24 working hours.
We will keep you informed of the progress of your complaint, proposed actions and the expected time frame for resolution.
Our aim is to resolve complaints in a timely manner and we will aim to reach a resolution plan within 3 working days.
Complex complaints may take longer than 3 working days to provide a resolution plan. In these cases, we will regularly update you on the progress and likely timeframe.
We will advise you of the outcome of your complaint in writing, once a resolution has been agreed.
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