GRAHAM ASSET MANAGEMENT LIMITED
Company number: NI071100
Reporting period:
1 April 2024 to 30 September 2024
Report filed on:
23 October 2024
Approved by:
Courtney McCormick
Payment statistics
Average time taken to pay invoices: 42 days
Invoices paid:
- within 30 days: 24%
- in 31 to 60 days: 73%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 2%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
75 days
Standard payment terms
GRAHAM Asset Management Limited does not have standard payment terms, payment terms are agreed with suppliers as part of contract negotiations. The agreed terms will depend on the type of work, size of the company and product or service purchased.
The most commonly used payment terms in the period were 45 days from end of month of supply.
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
60 days from end of month of supply
Any other information about payment terms
N/A
Dispute resolution process
GRAHAM Asset Management Limited is committed to fair treatment of all our suppliers and actively seeks to resolve disputes in a timely manner.
Dispute resolution mechanisms are discussed with suppliers at contract negotiation stage. The initial point of contact for invoice disputes will be the Accounts Payable team, who, where necessary, will escalate the matter to the relevant contract or commercial team. If the dispute cannot be resolved at this level it will be further escalated to Senior Management. Where it is not possible to reach a satisfactory agreement, other methods of dispute resolution, such as mediation, adjudication, litigation etc. may be used.
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