GATELEY PLC

Company number: 09310187

Reporting period:
1 November 2018 to 30 April 2019

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This report was filed on 30 May 2019

and approved by Neil Smith

Payment statistics

Average time taken to pay invoices: 34 days

Invoices paid:

• within 30 days: 59%
• in 31 to 60 days: 30%
• in 61 days or more: 11%

Invoices due but not paid within agreed terms: 60%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

60 days

Standard payment terms

Standard payment terms for Gateley Plc are 30 days

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

60 days

60 days is our maximum standard payment terms, however we incur certain costs from certain suppliers where the payment term is linked to the outcome of a client's case.

Any other information about payment terms

N/a

Dispute resolution process

Queries are initially dealt with by our purchase ledger clerk, who liaises with the member of staff who ordered and authorised the expenditure. If no resolution is agreed the query is escalated to the Financial Controller and ultimately the Finance Director to resolve.

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