Published reports

TULLOCH HOMES GROUP LIMITED

Company number: SC496362

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

Reporting period:

1 December 2022 to 31 May 2023

Report filed on:

26 June 2023

Approved by:

Alexander Grant

Payment statistics

Average time taken to pay invoices: 47 days

Invoices paid:

  • within 30 days: 7%
  • in 31 to 60 days: 80%
  • in 61 days or more: 13%

Late and disputed:

  • payments due in the reporting period which have not been paid within the agreed period: 0%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

60 days

Standard payment terms

Invoices are paid at the end of the following month from date of receipt. For example a June dated invoice will be paid at the end of July no matter whether the invoice is dated at the beginning or end of June.

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

60 days

No

Any other information about payment terms

No

Dispute resolution process

This will be dealt with by GFC if this relates to payment of approved invoice. If there is a dispute regarding the invoice this will be dealt with by the Department who requested the goods/services.

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