CALCOT HEALTH & LEISURE COMPANY LIMITED
Company number: 04113929
Reporting period:
1 July 2023 to 31 December 2023
Report filed on:
23 February 2024
Approved by:
Richard Ball
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 79%
- in 31 to 60 days: 21%
- in 61 days or more: 0%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Payment quoted as standard as 'end of month following invoice', but in reality actually paid in mid month run.
A Dec 1st Invoice therefore probably paid after 45 days approx Jan 15th, a 31st Dec invoice probably paid after 15 days, since paid in the same Jan 15th run. We would not withhold an invoice payment because it was not yet due, to support the most efficient operation of our purchase ledger, and minimal supplier payment enquiries.
In the worst case scenario, because payments did not occur mid month, our EOM following standard could be 60 days.
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Suppliers are requested to supply copies of unpaid invoices to our Purchase ledger team who will get them verified and approved for payment in the next available run, or work with supplier to correct any invoicing errors.
Exceptionally, if non payment has occurred due to our error we will process unique faster payments.
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.
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