PINNACLE HOUSING LIMITED
Company number: 02246643
Reporting period:
1 April 2020 to
30 September 2020
This report was filed on 11 November 2020
and approved by Christopher Hodson
Payment statistics
Average time taken to pay invoices: 48 days
Invoices paid:
- within 30 days: 52%
- in 31 to 60 days: 31%
- in 61 days or more: 17%
Invoices due but not paid within agreed terms: 41%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
45 days
Standard payment terms
Our standard supplier payment terms are 45 days. However these will be adjusted where agreed payment terms within a qualifying contract are different.
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
45 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Where a dispute has arisen on an invoice, the invoice will still be processed onto the financial system. It will be placed on hold until the dispute has been resolved, either by way of a credit note being issued, or payment being made. The dispute is dealt with by the contract manager who runs the contract which the invoice relates to.
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