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GALA LEISURE LIMITED

Company number: 00794943

Reporting period:
14 January 2018 to 13 July 2018

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

This report was filed on 9 August 2018

and approved by Chris Matthews

Payment statistics

Average time taken to pay invoices: 39 days

Invoices paid:

• within 30 days: 53%
• in 31 to 60 days: 35%
• in 61 days or more: 12%

Invoices due but not paid within agreed terms: 23 %

Payment terms

Standard payment period for qualifying contracts

60 days

Standard payment terms

60 days

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

Yes – We are in the process of amending our standard supplier payment terms to 60 days and a number have changed during this period.

Were suppliers notified or consulted about these changes before they were made?

Yes – We notified and consulted depending on the supplier and their specific arrangements.

Maximum contractual payment period agreed

60 days

Any other information about payment terms

N/A

Dispute resolution process

Queries by suppliers would be made either to the Accounts Payable or Procurement team and would be followed up appropriately to resolve any disputes. Any queries would be dealt with immediately at a senior level. We have invoice and dispute resolution in our contracts, where they sign up to our terms and conditions.

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