GALLAGHER LIMITED
Company number: 03797518
Reporting period:
1 October 2024 to 31 March 2025
Report filed on:
28 April 2025
Approved by:
Kim Samantha Thistleton
Payment statistics
Average time taken to pay invoices: 42 days
Invoices paid:
- within 30 days: 23%
- in 31 to 60 days: 68%
- in 61 days or more: 9%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 14%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
76 days
Standard payment terms
Our standard terms vary due to the type of supply and are agreed as part of contract negotiations. Suppliers are predominantly paid on 45 days from the month end of invoice, whilst key consultants are paid on 14 day terms. Subcontractors, dependant on contract terms, are paid on 45 day terms, following the date of assessment.
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
76 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Certification disputes are raised directly with the supplier by the operational team concerned. Following certification, any invoice specific queries are resolved between the finance team and the supplier
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