GLOUCESTERSHIRE GATEWAY LIMITED
Company number: 07002304
Reporting period:
4 July 2022 to
1 January 2023
This report was filed on 30 January 2023
and approved by Sarah Dunning
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 82%
- in 31 to 60 days: 14%
- in 61 days or more: 5%
Invoices due but not paid within agreed terms: 14%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
105 days
Standard payment terms
Our policy is toi comply with standard payment terms of our suppliers. Where no terms are specified we apply 30 days.
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
105 days
Ou longest maximum contractual period of 105 days applies to a small number of suppliers and the terms are as required by them under the arrangement in place with the Buying Group who acts for these suppliers. Our next longest standard payment terms are 60 days.
Any other information about payment terms
N/A
Dispute resolution process
Invoices on dispute go on hold and finance or the relevant budget holder will contact the supplier to resolve the issue. Once resolved the invocie will go on the next available weekly payment run.
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