ROWLAND HOMES LIMITED
Company number: 02790915
Reporting period:
1 September 2017 to 28 February 2018
Report filed on:
7 March 2018
Approved by:
Chris Sams
Payment statistics
Average time taken to pay invoices: 48 days
Invoices paid:
- within 30 days: 32%
- in 31 to 60 days: 32%
- in 61 days or more: 36%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 25%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Rowland Homes have, what the company believes to be, fair and reasonable payments practices and an established standard payment terms of 30 days net
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
Rowland Homes maximum payment term is 60 days, however there are certain services supplied where the payment is dependant on the sign off of those services.
Any other information about payment terms
No further comment provided
Dispute resolution process
Rowland Homes process of dealing with potential queries begins by contacting our representative who originally approved the services or goods provided. In addition our Accounts Payable Department can assist by email or phone. Should your query still not be resolved it will be referred to our Financial Controller for further consideration.
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