GARDNERS BOOKS LIMITED
Company number: 02010127
Reporting period:
1 September 2022
to 28 February 2023
This report was filed on 20 April 2023
and approved by Rupert Cox
Payment statistics
Average time taken to pay invoices: 61 days
Invoices paid:
- within 30 days: 38%
- in 31 to 60 days: 27%
- in 61 days or more: 35%
Invoices due but not paid within agreed terms: 3 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
120 days
Standard payment terms
Payment terms are negotiated with each supplier and range from 0 to 120 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
120 days
n/a
Any other information about payment terms
n/a
Dispute resolution process
We aim to raise a dispute on an invoice within 10 working days of receiving it to allow for any delay receiving the goods. This is handled by our purchase ledger team in the accounts department and any issues are raised with the relelvant contact at our supplier. We aim to resolve all disputes prior to the due date of the invoice so we are able to make payment in full to our suppliers.
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
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