PARTS ALLIANCE GROUP LIMITED
Company number: 01779084
Reporting period:
1 May 2017 to
31 October 2017
This report was filed on 29 November 2017
and approved by Joseph DeSilva
Payment statistics
Average time taken to pay invoices: 74 days
Invoices paid:
- within 30 days: 2%
- in 31 to 60 days: 35%
- in 61 days or more: 63%
Invoices due but not paid within agreed terms: 95%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
120 days
Standard payment terms
7 days date of invoice 30 days date of invoice 30 days end of month 45 days end of month 60 days end of month 90 days end of month 120 days end of month
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
120 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
The business process for resolving payment disputes involves contacting the purchase ledger supervisor Mrs Victoria Blake on 01792 478420. In cases of escalation the supplier can contact the Group Purchase Ledger Manager, Mrs Sian Gregory on 07917 213819 or the Director of Finance Services Joseph De Silva joseph.desilva@gsfcarparts.com, if the matter cannot be resolved the final port of control is the Chief finance Officer Neil Croxson neil.croxon@thepartssalliance.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, 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.
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