CARAVAN CLUB LIMITED(THE)
Company number: 00646027
Reporting period:
1 January 2022 to 30 June 2022
Report filed on:
4 August 2022
Approved by:
Christopher Macgowan
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 82%
- in 31 to 60 days: 15%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 14%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
30 days
Standard payment terms
The Clubs’ standard terms are 30 days from date of invoice. Where the supplier requires shorter payment terms due to the specific nature of the supply, the Club will agree to these. Other payment terms accepted include: Accommodation, conference bookings - immediate payment on receipt of invoice. Consultant, agency fees and training - immediate to 14 days
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
30 days
n/a
Any other information about payment terms
n/a
Dispute resolution process
Disputed invoices will normally be resolved between the purchase order originator or budget holder of the transaction and the supplier and the result communicated to the Accounts Payable team. In the absence of a purchase order or a contact known to the supplier at the Club, the Accounts Payable team will action any issues regarding late or non-payment of invoices, whether due to a dispute or other reasons. For this purpose, there is a generic email address, accountsstaff@camc.com used for payment queries and statements. The AP team will investigate issues to understand why payment hasn't been made and liaise directly with the recipient to a successful conclusion
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