NORTHGATE PLC

Company number: 00053171

Reporting period:
1 May 2017 to 31 October 2017

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This report was filed on 30 November 2017

and approved by David Tilston

Payment statistics

Average time taken to pay invoices: 40 days

Invoices paid:

• within 30 days: 28%
• in 31 to 60 days: 63%
• in 61 days or more: 9%

Invoices due but not paid within agreed terms: 13%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

61 days

Standard payment terms

End of Month following date of invoice for non vehicle purchases. 7 days from date of invoice for vehicle purchases.

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

91 days

Where non standard terms of 60 days following end of month of receipt of invoice are agreed with suppliers then the maximum contractual period could be up to 91 days

Any other information about payment terms

n/a

Dispute resolution process

Accounts payable use a query management system and assign queries to relevant personnel. Dispute resolution then conducted in house by assigned personnel. This is completed on a timely basis. Suppliers may be contacted when appropriate.

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.

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