GOV.UK
GLEN GRANT LIMITED
Company number: SC292101
Reporting period:
1 January 2023
to 30 June 2023
This report was filed on 5 October 2023
and approved by Catherine Shrimplin
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 42%
- in 31 to 60 days: 47%
- in 61 days or more: 11%
Invoices due but not paid within agreed terms: 33 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
60 days
Standard payment terms
We have the same standard payment term of 60 days for all kind of purchases. However if the suppliers demand for an early settlement we would consider an earlier payment , in particular for small businesses- payment on receipt of invoice or 30 days for invoice date.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
n/a
Any other information about payment terms
N/A
Dispute resolution process
At Glen Grant Limited/Campari UK, we are dedicated to swiftly addressing queries and resolving disputes. When a supplier raises a concern regarding any invoice, the Campari employee responsible for generating the purchase order associated with the invoice (PO-Owner) will thoroughly review the issue and conduct any necessary inspections or inquiries related to the goods or services received. Subsequently, the PO-Owner will engage with the supplier. In the majority of cases, the PO-Owner will successfully resolve the dispute with the supplier.
In the rare circumstance where the dispute cannot be promptly resolved by the PO-Owner, the matter will be escalated to the Finance Director and the Director of the department that initiated the purchase order. At this point, our in-house legal counsel typically becomes involved."
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
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