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GLOBECAST UK LIMITED

Company number: 02534039

Reporting period:
1 January 2018 to 30 June 2018


Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 30 July 2018

and approved by Robert Cofie

Payment statistics

Average time taken to pay invoices: 66 days

Invoices paid:

Invoices due but not paid within agreed terms: 51 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

Most of the vendors are paid under 30 days payment terms. Smaller companies are paid under 14 days payment terms. There are a few other vendors agreed with other payment terms, for example 60 days.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

N/A

Dispute resolution process

It is usually resolved by the person who ordered the goods/services.

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.

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.

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