BLUESTONE RESORTS LIMITED
Company number: 06797991
Reporting period:
5 January 2018 to 4 July 2018
Report filed on:
2 August 2018
Approved by:
Neil Evans
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 52%
- in 31 to 60 days: 47%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 45%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
45 days
Standard payment terms
Our payment terms are 30 days end of month. Different payment terms are negotiated with some suppliers when credit accounts are agreed.
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
45 days
These payment terms have been agreed in negotiations with the supplier
Any other information about payment terms
Bluestone Resorts Ltd endeavours to pay all suppliers within agreed terms and on time. This is subject to receiving the invoices, delivery of goods/services and supporting documents in a timely manor and providing the invoices match a Purchase Order number.
Dispute resolution process
Disputes are negotiated between the Purchase ledger team and the Supplier's credit control departments.
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.
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