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CASTLE WATER LIMITED

Company number: SC475583

Reporting period:
1 October 2022 to 31 March 2023

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This information is as reported by the business, and responses are in their own words.

This report was filed on 28 April 2023

and approved by John Reynolds

Payment statistics

Average time taken to pay invoices: 21 days

Invoices paid:

• within 30 days: 75%
• in 31 to 60 days: 23%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 25 %

Payment terms

Shortest standard payment period

15 days

Longest standard payment period

45 days

Standard payment terms

Standard payment terms
Wholesalers: In accordance with the market terms (Wholesale Retail Code)
Other Suppliers: 30 days from receipt of invoice

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

45 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

Queries regarding overdue invoices should be sent to Accounts Payable (AccountsPayable@castlewater.co.uk) who will investigate and provide an update on payment status. If the supplier is dissatisfied with the response they should contact the person who placed the order and the parties will act in good faith to reach a solution.

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