NORTHGATE PLC
Company number: 00053171
Reporting period:
1 May 2018 to 31 October 2018
Report filed on:
30 November 2018
Approved by:
Philip Vincent
Payment statistics
Average time taken to pay invoices: 45 days
Invoices paid:
- within 30 days: 28%
- in 31 to 60 days: 61%
- in 61 days or more: 11%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 29%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
Answer not provided
Standard payment terms
Payment due on the last day of the month following the one in which the invoice is dated for non-vehilce purchases. 7 days from date of invoice for vehicle purchases.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
91 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Accounts payable use a query management system which assigns queries to relevant personnel. dispute resolution then conducted in house by the assignee. This process is completed on a timely basis. Suppliers may be contacted where appropriate.
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 Fair 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