GEO AMEY PECS LIMITED
Company number: 07556404
Reporting period:
1 January 2021 to 30 June 2021
Report filed on:
30 July 2021
Approved by:
Richard Ward
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 67%
- in 31 to 60 days: 26%
- in 61 days or more: 7%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 29%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
30 days from date of invoice as standard
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
Our Stationary and Office Supplies contract is the only one on 60 days payment terms.
Any other information about payment terms
No further comment provided
Dispute resolution process
Invoices should be submitted to the finance team preferably via email to: finance@geoamey.co.uk. They can also be submitted in paper format to: Unit A Redwing Centre, Mosley Road, Trafford Park, Manchester, M17 1RJ. Payment disputes should be reported to the finance team at finance@geoamey.co.uk as soon as possible. We aim to respond to all queries within 24 hours. Disputes involving goods will be solved using goods receipts notes or proof or delivery. Disputes involving services will be referred to the relevant department manager. Any queries without a satisfactory resolution can be escalated to the Procure to Pay Manager at procurement@geoamey.co.uk
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.
Yes
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