PARK PLACE TECHNOLOGIES LIMITED
Company number: 09398203
Reporting period:
1 July 2023
to 31 December 2023
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 29 January 2024
and approved by DAVID NEFF
Payment statistics
Average time taken to pay invoices: 61 days
Invoices paid:
- within 30 days: 20%
- in 31 to 60 days: 61%
- in 61 days or more: 19%
Invoices due but not paid within agreed terms: 80 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
90 days
Standard payment terms
We do not have a standard payment terms however we typically use a payment period of 30 days
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
Dispute resolution process
Park Place Technologies Limited have standard dispute resolution process across all suppliers payments. First point of contact is our Accounts Payable Team, through email at AccountspayableUK@parkplacetech.com
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