THE GATESHEAD HOUSING COMPANY
Company number: 04944719
Reporting period:
1 April 2018 to
30 September 2018
This report was filed on 19 October 2018
and approved by Jon Mallen-Beadle
Payment statistics
Average time taken to pay invoices: 18 days
Invoices paid:
- within 30 days: 91%
- in 31 to 60 days: 7%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 10%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
The standard payment terms for all invoices are 30 days
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
30 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
All suppliers are advised to contact the accountancy team regarding any unpaid invoices and are made aware of the telephone number and email address to contact. The accountancy team will check the finance system and request copies of any invoices that have not been received. If an invoice is already on the system but has not been authorised then they will contact the relevant manager to discuss the invoice and either the relevant manager or accounts team will contact the supplier to provide them with an update.
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.
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