SOUTH LANARKSHIRE LEISURE AND CULTURE LIMITED
Company number: SC225702
Reporting period:
1 April 2021
to 30 September 2021
This report was filed on 15 December 2021
and approved by Peter Craig
Payment statistics
Average time taken to pay invoices: 15 days
Invoices paid:
- within 30 days: 91%
- in 31 to 60 days: 4%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 8 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Contract paymentt shall be made within 30 calendar days of receipt and agreement of invoices
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
Dispute resolution process
Both parties will use their reasonable endeavours to resolve any dispute between them in respect to the contract notifying the other of the dispute arising or within such other mutually acceptable timescale. Such endeavours shall involve the escalation of the dispute to the General Manager (or equivalent) of each party.
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