GOV.UK
GATES (U.K.) LIMITED
Company number: SC001771
Reporting period:
30 June 2018
to 31 December 2018
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 11 January 2019
and approved by NATHAN ROGERS
Payment statistics
Average time taken to pay invoices: 70 days
Invoices paid:
- within 30 days: 18%
- in 31 to 60 days: 64%
- in 61 days or more: 18%
Invoices due but not paid within agreed terms: 5 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
90 days
Standard payment terms
standard terms are 60 days end of month from date of invoice
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
1825 days
there are five year contract for it photocopiers/scanner
Any other information about payment terms
invoice are paid to terms of 30 or 60 days end of month from date of invoice
Dispute resolution process
invoice that do not match the purchase order are investigated. whereby the originator of the purchase order may be asked to confirm quantity or price or delivery charges not showing on the purchase order. invoices are also held pending credit note where applicable
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.
Yes
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