Published reports

INSPIRED GAMING (UK) LIMITED

Company number: 03565640

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 July 2024 to 31 December 2024

Report filed on:

6 February 2025

Approved by:

James Richardson

Payment statistics

Average time taken to pay invoices: 81 days

Invoices paid:

within 30 days: 31%
in 31 to 60 days: 19%
in 61 days or more: 50%

Late and disputed:

payments due in the reporting period which have not been paid within the agreed period: 78%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

90 days

Standard payment terms

30Days

Were there any changes to the standard payment terms in the reporting period?

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

1460 days

We have machine purchases on extended terms of 48 months.

Any other information about payment terms

No further comment provided

Dispute resolution process

If the business raises a dispute against an invoice the business contact is to discuss with the supplier the dispute in question. A payment block would be posted against the invoice until query is resolve resulting in a potential credit note against the original invoice. Once dispute is closed, invoice will be paid.

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.

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.

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?