CENTRAL GARAGE(UPPINGHAM)LIMITED
Company number: 00507844
Reporting period:
1 May 2022 to
31 October 2022
This report was filed on 2 October 2024
and approved by Samantha Hamblin
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 59%
- in 31 to 60 days: 30%
- in 61 days or more: 11%
Invoices due but not paid within agreed terms: 31%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
A majority of our accounts are on end of following month payment terms with some being on 7 days.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
If an invoice is in dispute the departmental manager would contact the supplier to resolve. Once the dispute is resolved the invoice would be passed for payment on the next payment run or sooner if required.
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, 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