| 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 Jan 2019 - 30 Jun 2019 | 05 Jul 2019 | 81 | 18% | 19% | 63% | 82% |
| 01 Jul 2018 - 31 Dec 2018 | 05 Jul 2019 | 66 | 25% | 33% | 42% | 75% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 73 | 14% | 26% | 60% | 74% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Business does not have Standard payment terms; the most frequently used terms are EOM60 (End of Month 60 days) – translated into days, this could equate to a payment date from anything between 60 days (for an invoices dated & processed on the last day of the month), up to 90 days (for an invoice dated & processed on the first day of a 31-day month).
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
120
For any disputes or queries concerning payments, suppliers should address all enquiries in the first instance to the Accounts Payable Team at grassvalley.invoices@belden.com, or alternatively call the Accounts Payable Team on 0031-77-3878 365. The Accounts Payable Team will then be able to acknowledge the dispute or query, and revert back to the supplier with an update as quickly as possible, after checking their internal systems, and if required, after liaising with other internal departments – to hopefully provide a swift resolution for all parties. Timescales of a full resolution would depend on the complexity and nature of the dispute or query, but the Accounts Payable Team will respond back to the initial query email or telephone call, on receipt thereof.
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
Grass Valley Limited is a UK registered company first incorporated in 1974, originally named Snell and Wilcox Electronic Consultants Limited before later trading as Snell and Wilcox Limited, Snell Limited and Snell Advanced Media Limited, and now recorded as Grass Valley Limited. Companies House records its nature of business under SIC code 62012, business and domestic software development. The company remains active, based in Hampshire, though its latest statutory accounts are shown as overdue. No further detail on specific products or services is included in the available evidence beyond this software development classification and its history of name changes.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk