DAVIDSONS DEVELOPMENTS LIMITED
Company number: 04346861
Reporting period:
1 July 2021 to
31 December 2021
This report was filed on 28 January 2022
and approved by Christian O' Connell
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 26%
- in 31 to 60 days: 66%
- in 61 days or more: 8%
Invoices due but not paid within agreed terms: 15%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
62 days
Standard payment terms
7 days relates to labour only subcontractors, from the date of certificate to the payment being sent. 62 Days relates to all other invoices, terms are the month following the month of invoice to the payment being sent. Monthly Paid Subcontractors must submit their invoices by the last day of the month in which the work was carried out.
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
Davidsons Developments aims to resolve all disputes promptly. This will normally be by contacting the suppliers or subcontractors directly regarding pricing queries, delivery queries and quality queries . Any disputes over payment are directed to the Finance and the Commercial Department. Disputes can be escalated up the management chain if required
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