LONGLEAT ENTERPRISES LIMITED
Company number: 00789512
Reporting period:
1 July 2022 to
31 December 2022
This report was filed on 30 January 2023
and approved by Ceawlin Thynn
Payment statistics
Average time taken to pay invoices: 36 days
Invoices paid:
- within 30 days: 38%
- in 31 to 60 days: 58%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 64%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
90 days
Standard payment terms
Longleat Enterprises does not have standard payment terms. Payment terms are agreed with suppliers as part of contract negotiations. The most common payment terms of invoice paid in the period are net 30 days, net monthly, 60 days and 90 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
90 days
Longleat Enterprises does not have standard payment terms. Payment terms are agreed with suppliers as part of contract negotiations. The most common payment terms of invoice paid in the period are net 30 days, net monthly, 60 days and 90 days
Any other information about payment terms
N/A
Dispute resolution process
Disputes are raised via the department who placed the order, but if it is not resolved, the accounts department and Finance Manager intervene.
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