PARKS OF HAMILTON (COACH HIRERS) LIMITED
Company number: SC067046
Reporting period:
1 April 2021 to 30 September 2021
Report filed on:
27 October 2021
Approved by:
Alasdair Noble
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 81%
- in 31 to 60 days: 16%
- in 61 days or more: 3%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 9%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Park’s of Hamilton (Coach Hirers) Limited’s payment terms vary by supplier and the product or service being provided. The Company accepts the standard credit terms of any suppliers where payment is required to be made by direct debit. Otherwise the standard payment terms of the Company are that invoices will be paid by bank transfer by the end of the month following receipt of the invoice
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
N/A
Any other information about payment terms
N/A
Dispute resolution process
The Company operates a centralised purchase ledger function which is the first point of contact in resolving payment disputes. Where that function cannot resolve the dispute directly, the matter is escalated to the appropriate manager to resolve. Head office management carry out regular reviews of ongoing disputes. In the interest of building good relationships with our suppliers we aim to resolve any issues in an effective and timely manner.
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