| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Apr 2023 - 30 Sept 2023 | 28 Feb 2024 | 54 | 3% | 78% | 19% | 53% |
| 01 Apr 2019 - 30 Sept 2019 | 07 Feb 2020 | 49 | 4% | 76% | 20% | 58% |
| 01 Oct 2018 - 31 Mar 2019 | 12 Jul 2019 | 52 | 6% | 74% | 20% | 52% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from end of month of invoice (i.e. 45 days credit on average) 43 days from the end of month of invoice (i.e. 58 days credit on average)
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Disputes are resolved by active discussion between the supplier, the accounts payable team and, where necessary, the operational manager who requested the goods or services.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
CASTINGS PUBLIC LIMITED COMPANY is a manufacturing company based in the United Kingdom. The company specializes in the production of iron castings, steel castings, and machined components for various industries including automotive, construction, and aerospace.
The company has a strong commitment to sustainability and has implemented various programs to reduce their environmental impact. They have invested in energy-efficient equipment, implemented recycling initiatives, and continuously strive to reduce their carbon footprint.
CASTINGS PUBLIC LIMITED COMPANY offers a wide range of products and services including bespoke castings, machined components, and fully assembled parts. They also provide design and engineering services to their clients.
The company is led by a team of experienced and dedicated professionals, including the Managing Director, Finance Director, and Sales Director. They are committed to delivering high-quality products and services to their customers.
CASTINGS PUBLIC LIMITED COMPANY can be contacted through their website, where customers can find more information about their products and services. The company's registered office address is located in Brownhills, West Midlands, United Kingdom.
In summary, CASTINGS PUBLIC LIMITED COMPANY is a leading manufacturing company in the UK, known for their commitment to sustainability and high-quality products and services. Their team of experienced professionals and dedication to innovation make them a trusted partner for various industries.