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Company number: 00873093

Reporting period:
1 April 2018 to 30 September 2018

Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 26 October 2018

and approved by Stuart Hammond

Payment statistics

Average time taken to pay invoices: 47 days

Invoices paid:

Invoices due but not paid within agreed terms: 38 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

60 days

Standard payment terms

Geoffrey Osborne Limited has various payment terms.
Purchase Ledger - These are agreed with suppliers as part of contract negotiations.
Generally we have 30 day terms. For a small number of larger suppliers we have agreed terms of up to 60 days from the end of the month.
Subcontract ledger - these vary by framework and contract and range from 28 days to 45 days from date of application.

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


Maximum contractual payment period agreed

60 days

Maximum contractual payment period is 60 days from the end of the month

Any other information about payment terms


Dispute resolution process

Disputes can be sent to the finance team ( who will aim to
resolve issues as quickly as possible with reference to our buying and commercial teams where necessary.
Occasionally the matter may need to be referred to a director for resolution.
In the rare circumstance where a resolution cannot be reached, other methods may be used (for example mediation, expert determination, arbitration or litigation).

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.

Yes – Prompt Payment Code and Construction Supply Chain Payment Charter

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.


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.


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?


During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?