GOV.UK
GREENVALE AP LIMITED
Company number: 03163230
Reporting period:
1 March 2021
to 28 August 2021
This report was filed on 9 September 2021
and approved by Gary Urmston
Payment statistics
Average time taken to pay invoices: 47 days
Invoices paid:
- within 30 days: 42%
- in 31 to 60 days: 56%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 35 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
90 days
Standard payment terms
Standard payment terms are settlement in
the week following 42 days from delivery
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Where there is a specific and pre agreed link
supply between certain customer and
suppliers (i.e. that this entity acts an
intermediary), terms are mirrored. The
longest customer terms in this type of transaction is 90 days, and as such, the
longest supplier settlement is also 90days
Any other information about payment terms
Dispute resolution arising from suitability or
quality of goods and services are
documented in company T&Cs and offer the
use of third party experts to assist.
Dispute resolution process
Dispute or discussion arising from the timing
of payment may occur in certain times of the
agricultural cycle. The company seeks to
maintain continual discussion with
stakeholders such that seasonal fluctuations
are communicated and shared where
necessary. Suppliers have access to both a
central finance team, and their buying
contract. Where required, the company's
functional heads will communicate directly
with suppliers
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