The data shows a significant decrease in the average time taken by CLAAS SOUTHERN LTD to pay invoices to suppliers between the periods of Oct 2017 - Mar 2018 and Apr 2018 - Sep 2018, with a decrease of 8 percentage points. However, there is a sharp increase in the average time taken between the periods of Oct 2018 - Mar 2019 and Apr 2019 - Sep 2019, with a difference of 89 percentage points.
The data for CLAAS SOUTHERN LTD shows high volatility in the average time taken to pay invoices to suppliers. There is a significant change of 35 percentage points between the periods of Oct 2017 - Mar 2018 and Apr 2018 - Sep 2018. Additionally, there is a sharp increase of 74 percentage points between the periods of Oct 2018 - Mar 2019 and Apr 2019 - Sep 2019.
The data for CLAAS SOUTHERN LTD shows a decrease in the average time taken to pay invoices to suppliers between the periods of Oct 2017 - Mar 2018 and Apr 2018 - Sep 2018, with a decrease of 8 percentage points. However, there is a sharp increase in the average time taken between the periods of Oct 2018 - Mar 2019 and Apr 2019 - Sep 2019, with a difference of 89 percentage points.
| 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 Oct 2019 - 31 Mar 2020 | 05 May 2020 | |||||
| 01 Apr 2019 - 30 Sept 2019 | 05 Nov 2019 | 151 | 26% | 0% | 74% | 74% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 62 | 37% | 35% | 27% | 49% |
| 01 Apr 2018 - 30 Sept 2018 | 25 Oct 2018 | 35 | 58% | 30% | 12% | 25% |
| 01 Oct 2017 - 31 Mar 2018 | 11 Apr 2018 | 27 | 67% | 28% | 6% | 13% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from month end date
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
CLAAS Southern has ceased trading from 30/09/2019. This will be the last report for this business.
Maximum contractual payment period agreed
30
Disputes for payment of invoices are managed on an invoice by invoice basis
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
CLAAS SOUTHERN LTD is a dissolved private limited company, incorporated on 30 November 1964, based in the East of England region. Registered business activity: Other retail sale not in stores, stalls or markets.
From Companies House records.