GOLDSTAR HEATHROW LIMITED
Company number: 03535726
Reporting period:
1 April 2024 to 30 September 2024
Report filed on:
30 October 2024
Approved by:
Katie Crozier
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 21%
- in 31 to 60 days: 76%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 32%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
30 days from invoice date
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
45 days
45 days from end of month in which the invoice is dated
Any other information about payment terms
No further comment provided
Dispute resolution process
Any invoice that has been received will either be approved or rejected by a manager. In the case that an invoice is rejected, the manager will either contact the supplier directly to explain the query, or a note will be put on our internal invoice portal and the invoice will be sent back to the accounts team who will then investigate the query themselves. The supplier will be contacted usually via email regarding the query as soon as possible. The invoice will remain in query on our system until an agreement is reached – whether this be a credit note being raised, or an explanation for the costs are sent. We always strive to make payments within 30 days, but payment may be delayed if an invoice remains in query.
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