GOV.UK
JOCKEY CLUB RACECOURSES (HOLDINGS) LIMITED
Company number: 00806698
Reporting period:
1 July 2021
to 31 December 2021
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 31 January 2022
and approved by Stuart Clark
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 58%
- in 31 to 60 days: 36%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 13 %
Payment terms
Standard payment period for qualifying contracts
45 days
Standard payment terms
45 days from date of undisputed invoice
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
45 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
The supplier should initially contact the person who procured the good or service. By far the most common reason for delayed payment is the absence of a PO number on the supplier invoice. If there is no PO number on the invoice then the purchase ledger department cannot pay an invoice. If you cannot resolve the invoice dispute with your contact in the business then you should contact the head of procurement.
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