GSF CAR PARTS LIMITED

Company number: 01779084

Reporting period:
1 January 2023 to 30 June 2023

---

This report was filed on 20 July 2023

and approved by Sally Dowling

Payment statistics

Average time taken to pay invoices: 89 days

Invoices paid:

• within 30 days: 6%
• in 31 to 60 days: 25%
• in 61 days or more: 69%

Invoices due but not paid within agreed terms: 9%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

180 days

Standard payment terms

7 days date of invoice 15 days date of invoice 20 days end of month 30 days date of invoice 45 days end of month 60 days end of month 75 days end of month 120 days end of month 150 days end of month 180 days end of month

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

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

180 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Supplier contacts Accounts payable to raise query, if not resolved escalation to Deputy Head of AP, if not resolved escalation to Head of AP, if not resolved escalation to Group Financial Controller, if not resolved escalation to CFO for final review and resolution

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, 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.

Yes

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.

Yes

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