BETA This is a new service – your feedback will help us to improve it.

GLASSON GRAIN LIMITED

Company number: 01409324

Reporting period:
1 May 2022 to 31 October 2022

---

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

This report was filed on 30 November 2022

and approved by David Chadwick

Payment statistics

Average time taken to pay invoices: 31 days

Invoices paid:

• within 30 days: 54%
• in 31 to 60 days: 44%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 34 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

90 days

Standard payment terms

Standard payment terms are 30 days from the date of the invoice unless agreed otherwise with the supplier. Most payments are through a payment run that is either weekly or monthly depending on the type of supplier.

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

No

Maximum contractual payment period agreed

90 days

Any other information about payment terms

N/A

Dispute resolution process

Disputes are dealt with by the relevant department. A query is raised to the supplier either by telephone or email. This is the case with every type of query: price, service or quantity.
The majority of queries are resolved quickly but the resolution is very much determined by supplier response time.
Invoices held in dispute will not be paid until the query is resolved; once resolved the invoice is passed for payment without further delay.

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