CHARLES CHURCH DEVELOPMENTS LIMITED

Company number: 01182689

Reporting period:
1 January 2018 to 30 June 2018

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

This report was filed on 30 July 2018

and approved by Mike Killoran, Group Finance Director

Payment statistics

Average time taken to pay invoices: 50 days

Invoices paid:

within 30 days: 34%
in 31 to 60 days: 50%
in 61 days or more: 16%

Invoices due but not paid within agreed terms: 33%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

77 days

Standard payment terms

Material purchase invoices: Payment is due at the end of the month following the month of the invoice. Supply & fit subcontract invoices: Payment is due at the end of the month following the month of the invoice. Labour only subcontract invoices: Payment is due at the end of the week following the week of the invoice.

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

62 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Disputes are dealt with by the relevant regional Finance Department.

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.

Yes, this business has signed up to: Prompt Payment Code

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.

Yes

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?