PUNCH PARTNERSHIPS (PGRP) LIMITED
Company number: 03988664
Reporting period:
20 August 2017
to 19 February 2018
This report was filed on 21 March 2018
and approved by Ed Bashforth
Payment statistics
Average time taken to pay invoices: 13 days
Invoices paid:
- within 30 days: 88%
- in 31 to 60 days: 10%
- in 61 days or more: 2%
Invoices due but not paid within agreed terms: 2 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
For qualifying contracts we use the following payment terms:
30 days from date of invoices or
60 days from date of invoice
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
Queries from our suppliers are assigned to a colleague to action and queries are addressed within two working days.
Any changes to contacts or email addresses are also communicated to all our suppliers.
Initial contact point is: accountspayablequeries@punchtaverns.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