BELMONT GREEN FINANCE LIMITED
Company number: 09837692
Reporting period:
1 July 2023
to 31 December 2023
This report was filed on 23 January 2024
and approved by Mel Taylor
Payment statistics
Average time taken to pay invoices: 17 days
Invoices paid:
- within 30 days: 97%
- in 31 to 60 days: 3%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 14 %
Payment terms
Shortest standard payment period
1 days
Longest standard payment period
45 days
Standard payment terms
Longest standard payment is 45 days and shortest standard payment is 1 day. The standard payment term is 30 days.
Were there any changes to the standard payment terms in the reporting period?
Yes – Payment disputes are managed by the Finance control department and can be escalated to the Head of Financial Control whose contact details are available upon request.
Were suppliers notified or consulted about these changes before they were made?
No
Maximum contractual payment period agreed
30 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Payment disputes are managed by the Finance control department and can be escalated to the Head of Financial Control whose contact details are available upon request.
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