THE CDA GROUP LIMITED
Company number: 02621460
Reporting period:
1 July 2023 to 31 December 2023
Report filed on:
29 January 2024
Approved by:
Paula Brown
Payment statistics
Average time taken to pay invoices: 24 days
Invoices paid:
- within 30 days: 75%
- in 31 to 60 days: 19%
- in 61 days or more: 6%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 97%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
150 days
Standard payment terms
China based suppliers - 90-120 days
European suppliers (excl UK and Poland) 75 days
Turkey based suppliers - 75 days
Poland )Parent company) - 150 days
UK based suppliers - principally 45 days
UK property leases -1 day
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
150 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
All disputes are initially referred to the Accounts Payable team and escalated to the Finance Director as necessary. Disputes are infrequent and generally resolved within 7 working days.
Disputers should be sent to finance@cda.co.uk or to the Finance team at the business address.
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.
Yes
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