CRAGHOPPERS LIMITED
Company number: 03057810
Reporting period:
1 February 2023 to 31 July 2023
Report filed on:
3 August 2023
Approved by:
Majid Khan
Payment statistics
Average time taken to pay invoices: 53 days
Invoices paid:
- within 30 days: 37%
- in 31 to 60 days: 29%
- in 61 days or more: 34%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 35%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
90 days
Standard payment terms
Regatta Ltd has standard payment terms of 60 days end of month. However, payment terms do vary based
on the type of services/goods provided. The agreed payment terms can range from 7 days to 90 days, from
invoice date. Amendments to standard supplier payment terms are authorised by a Director.
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
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
To raise a query regarding payment of invoices, the Accounts Payable Team should be contacted, where
an investigation for reason of non payment is conducted. Should the query relate to a dispute regarding
the supply of goods/services, pricing errors, or terms of the contract, then the supplier will be referred
to discuss with the Regatta team who placed the order.
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