GSF CAR PARTS LIMITED
Company number: 01779084
1 July 2022
to 31 December 2022
This report was filed on 1 February 2023
and approved by Helen Molloy
Average time taken to pay invoices: 87 days
- within 30 days: 16%
- in 31 to 60 days: 22%
- in 61 days or more: 62%
Invoices due but not paid within agreed terms: 12 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
7 Days from date of invoice date
30 Days from date of invoice date
30 Days End of month following invoice date
45 Days End of month following invoice date
60 Days End of month following invoice date
75 Days End of month following invoice date
90 Days End of month following invoice date
120 Days End of month following invoice date
360 Days from invoice date
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
Dispute logged with AP Supervisor, if not resolved escalation to Head of AP, if not resolved escalation to GFC, is still not resolved final escalation to CFO
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.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?