JOSEPH GALLAGHER LIMITED
Company number: 01618500
Reporting period:
1 October 2024 to 31 March 2025
Report filed on:
30 April 2025
Approved by:
Martin Robert Walton
Payment statistics
Average time taken to pay invoices: 48 days
Invoices paid:
- within 30 days: 15%
- in 31 to 60 days: 56%
- in 61 days or more: 29%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 37%
Payment terms
Shortest standard payment periods
45 days
Longest standard payment period
Answer not provided
Standard payment terms
The company's standard payment terms for suppliers are 45 days end of month. Specific payment terms may be agreed with individual suppliers as necessary to ensure effective and constructive relationships are maintained and that the company is able to conduct its business in accordance with its contractual terms. The company is not currently signed up to any code of conduct or standards of payment practices, but is working towards compliance with the Construction Supply Chain Payment Charter issued by the Construction Leadership Council.
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
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
We are committed to resolving any queries and disputes with suppliers as quickly as possible. Any queries regarding payment should in the first instance be raised with our Accounts Payable Team at our Orsett Head Office. Queries and disputes that cannot be quickly resolved by the Accounts Payable team will be escalated to the relevant department and person within the business to resolve. To minimise queries, suppliers should ensure that invoices contain all relevant information, including a valid purchase order number covering all invoiced items.
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