BETA This is a new service – your feedback will help us to improve it.

GATTACA PLC

Company number: 04426322

Reporting period:
1 August 2021 to 31 January 2022

---

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

This report was filed on 17 May 2022

and approved by Oliver Whittaker

Payment statistics

Average time taken to pay invoices: 22 days

Invoices paid:

• within 30 days: 100%
• in 31 to 60 days: 0%
• in 61 days or more: 0%

Invoices due but not paid within agreed terms: 0 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

45 days

Standard payment terms

There are 2 different standards: for contractor payments these are made within 7 or 28 days after the receipt of a time sheet. For other expenditure (i.e.overheads), payments terms are made inline with the suppliers' terms which are usually 14 to 30 days. There are a very small number of suppliers working on 45,60 or 90 days terms.

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

No

Maximum contractual payment period agreed

90 days

1 vendor on 90 day terms, with no transactions within this reporting period

Any other information about payment terms

n/a

Dispute resolution process

Complaints and disputes are initially managed by staff looking after either the purchase ledger or contractor payroll. Where this does not suitably resolve any disputes, further escalation is managed through the company's legal and compliance department.

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