G. MODIANO LIMITED
Company number: 00872284
Reporting period:
1 April 2018 to 30 September 2018
Report filed on:
16 October 2018
Approved by:
R Parsons
Payment statistics
Average time taken to pay invoices: 27 days
Invoices paid:
- within 30 days: 65%
- in 31 to 60 days: 33%
- in 61 days or more: 2%
Late and disputed:
Payment terms
Shortest standard payment periods
20 days
Longest standard payment period
50 days
Standard payment terms
Standard terms are End of Month plus 20 days.
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
50 days
Shorter terms by negotiation.
Any other information about payment terms
Excludes all inter-company payments.
Dispute resolution process
Payment terms disputes (if they ever arose) would be considered by the Directors.
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.
Yes, this business has signed up to: IWTO Blue Book
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