GREENVALE AP LIMITED
Company number: 03163230
Reporting period:
1 March 2021 to 28 August 2021
Report filed on:
9 September 2021
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%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 35%
Payment terms
Shortest standard payment periods
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
Were suppliers notified or consulted about these changes before they were made?
N/A
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 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