COTE RESTAURANT GROUP LTD
Company number: 12873009
Reporting period:
27 September 2021 to 27 March 2022
Report filed on:
1 February 2023
Approved by:
John Rooney
Payment statistics
Average time taken to pay invoices: 38 days
Invoices paid:
- within 30 days: 19%
- in 31 to 60 days: 78%
- in 61 days or more: 2%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 23%
Payment terms
Shortest standard payment periods
31 days
Longest standard payment period
61 days
Standard payment terms
Standard payment terms are the last business day of the month following the invoice date.
Variations to these standard payment terms are by exception only, and only applied when negotiated and agreed by both parties.
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
61 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
All suppliers may contact the Accounts Payable function to confirm on the status of their invoice.
If at any time a dispute or difference should arise, this will be escalated to a senior member of the Finance or Procurement function who shall use their reasonable endeavours to resolve the dispute in good faith.
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.
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