SILCHESTER PARTNERS LIMITED
Company number: 03000514
Reporting period:
1 April 2022 to
30 September 2022
This report was filed on 27 October 2022
and approved by Timothy J. Linehan
Payment statistics
Average time taken to pay invoices: 14 days
Invoices paid:
- within 30 days: 100%
Invoices due but not paid within agreed terms: 0%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
30 days
Standard payment terms
Invoices will generally be paid with 7-14 days of their date of receipt by the Finance Department to the extent that the supplier has completely and properly delivered / performed the agreement and to the extent that the supplier has delivered a proper invoice.
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
30 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
In the event of a dispute with a supplier, a complaint can be raised to the Finance Department. The Finance Department will discuss the invoice with the approver and follow up with the supplier to resolve the dispute within a reasonable time.
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.
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