Industry ranking
The average time to pay for G PLAN UPHOLSTERY LIMITED has decreased from 53 days in Jul 2017 – Jan 2018 to 41 days in Jul 2022 – Jul 2023, showing an improvement in payment efficiency.
The % Invoices paid within 30 days has increased from 1% in Jul 2017 – Jan 2018 to 33% in Jul 2022 – Jul 2023, indicating a more consistent and timely payment pattern.
| 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 |
|---|---|---|---|---|---|---|
| 04 Jul 2022 - 02 Jul 2023 | 02 Aug 2023 | 41 | 33% | 53% | 14% | 84% |
| 03 Jul 2017 - 02 Jan 2018 | 26 Mar 2018 | 53 | 1% | 60% | 39% | 47% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Material suppliers typically will be end of month 60 days and non material suppliers typically would be 30 days or 30 days end of month. However there are variants to these.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
75
Customer will contact accounts payable by telephone or email raising concern on their dispute. A member of the team would respond to the query either through investigation, immediately or would refer the matter to a senior member of the team to assist. It is the businesses aim to action queries as early as possible to a satisfactory conclusion for the supplier.
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.
❌
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.
❌
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
G Plan Upholstery Limited is a British furniture manufacturer trading as G Plan, registered in England and Wales. It designs and makes sofas, armchairs, footstools, recliners and sofa beds, with every sofa and chair crafted by hand in the UK. The company also offers cabinet collections and a bed collection developed with a sleep specialist. Its products are sold through selected retail stockists rather than directly online. Tracing its roots to a furniture factory founded in 1898, the business has operated under the G Plan name since 1953 and describes itself as one of the UK's largest upholstery manufacturers, sourcing fabrics and leathers for its ranges.
Generated from the company's website and Companies House records. Sources: gplan.co.uk · gplan.co.uk