CHRISTIE MANSON & WOODS LIMITED

Company number: 01128160

Reporting period:
1 January 2018 to 30 June 2018

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This report was filed on 26 July 2018

and approved by Stephen J Brooks

Payment statistics

Average time taken to pay invoices: 24 days

Invoices paid:

• within 30 days: 84%
• in 31 to 60 days: 10%
• in 61 days or more: 6%

Invoices due but not paid within agreed terms: 20%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

In consideration of the supply of Goods and/or Services by the Supplier, Christie’s shall pay the invoiced amounts within 30 days of the date of a correctly rendered invoice to a bank account nominated in writing by the Supplier. Terms & Conditions are posted on http//:www.christies.com/purchase-order-terms

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

30 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

All invoices in dispute are passed to the appropriate team that requested the goods or services in- order for them to resolve the dispute. It may then be referred onto the senior management of the company if necessary.

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