GLADMAN DEVELOPMENTS LIMITED
Company number: 03341567
Reporting period:
1 July 2022 to 31 December 2022
Report filed on:
30 January 2023
Approved by:
M Scott
Payment statistics
Average time taken to pay invoices: 12 days
Invoices paid:
- within 30 days: 95%
- in 31 to 60 days: 5%
- in 61 days or more: 0%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 23%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
Invoices shall be paid on the final working day of the month following the month in which the relevant VAT invoice is submitted to the Employer.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
If any disputes or differences arise between the Parties the managing director, senior partner or other representative of the Parties shall, within 10 days of a written request from either Party to the other addressed to the other managing director or senior partner as the case may be, meet in an effort to resolve the dispute in good faith. If the dispute is not resolved as a result of such meeting, either Party may (at such meeting or within 14 days from its conclusion) propose to the other by notice in writing that structured negotiations be entered into with the assistance of a neutral advisor or mediator.
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 Fair Payment Code must commit to paying 95% of their invoices within 60 days.
Yes, this business has signed up to: Prompt Payment Code
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