GSF CAR PARTS LIMITED
Company number: 01779084
Reporting period:
1 July 2023 to
31 December 2023
This report was filed on 30 January 2024
and approved by Sally Dowling
Payment statistics
Average time taken to pay invoices: 84 days
Invoices paid:
- within 30 days: 7%
- in 31 to 60 days: 27%
- in 61 days or more: 66%
Invoices due but not paid within agreed terms: 3%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
180 days
Standard payment terms
Immediate 30 days date of invoice 30 days EOM 45 days date of invoice 45 days EOM 60 days date of invoice 60 days EOM 90 days date of invoice 90 days EOM 120 days date of invoice 150 days date of invoice 180 days date of 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
180 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Contact Accounts payable team, if query unresolved escalate to Deputy Head of AP, if query remains unresolved escalate to Head of AP, then Group Financial Controller and final escalation to Chief Financial Officer
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.
Yes
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