C.J. LANG & SON LIMITED
Company number: SC017664
Reporting period:
1 May 2021 to 31 October 2021
Report filed on:
21 December 2021
Approved by:
Craig Tedford
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 66%
- in 31 to 60 days: 31%
- 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: 34%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
238 days
Standard payment terms
The shortest standard period refers to some suppliers that receive rapid payment in order for the Company to earn payment discount. The mode payment terms are 28 days however there are a large range of payment terms which mirrors the considerable number of third party suppliers we contract with. The longest standard payment terms refers only to the various Councils in Scotland who allow payment of business rates over a term of up to 10 months. Should we require to make changes to our standard payment terms with any supplier then we will write to them giving appropriate notice of intended change.
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
238 days
The longest standard payment terms refers only to the various Councils in Scotland who allow payment of business rates over a term of up to 10 months.
Any other information about payment terms
N/A
Dispute resolution process
If any invoice is in dispute and "on hold" and consequently yet to be authorised, then it is the authoriser's duty to resolve this directly with the supplier and agree a way forward satisfactory to both parties. The Authoriser must advise the outcome to the Purchase Ledger Supervisor.
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.
Yes
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