GATTACA PLC
Company number: 04426322
Reporting period:
1 February 2022 to
31 July 2022
This report was filed on 19 August 2022
and approved by Oliver Whittaker
Payment statistics
Average time taken to pay invoices: 24 days
Invoices paid:
- within 30 days: 100%
Invoices due but not paid within agreed terms: 0%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
45 days
Standard payment terms
There are 2 different standards: for contractor payments these are made within 7 days after the receipt of a timesheet. 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 45or 60 days terms.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
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, 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.
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