CHRISTIE GROUP PLC generally pays within 25 days, with 67% of payments made within 30 days, which indicates a relatively quick payment cycle on average. However, the 46% late payment rate suggests that while many payments are prompt, a significant portion still exceeds agreed-upon terms, indicating inconsistency in adherence.
Despite the average payment time, the 30% of payments settling between 31-60 days and 2% exceeding 60 days introduce notable variability and risk. This indicates that a significant portion of invoices will not be paid within standard 30-day terms, impacting cash flow predictability for suppliers.
CHRISTIE GROUP PLC presents a mixed payment profile; while many payments are prompt, a substantial portion is consistently late. Suppliers should establish clear, potentially shorter payment terms and actively monitor invoice aging to mitigate cash flow risks.
| 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 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 23 | 77% | 20% | 3% | 37% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
"The most frequently used payment terms across the group are 30 days. For some suppliers where services are being re-charged to a client, payment will only be made to suppliers once payment has been received from customers. For a limited number of suppliers for items such as hardware, Invoices will be paid by the end of the month following the Invoice date.
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
Initially Accounts Payable will contact the supplier to discuss the invoice and service / product that is being disputed. If unable to resolve it will be escalated to senior Management.
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
CHRISTIE GROUP PLC operates as an active Public limited Company. Its name, incorporating 'Group', defines it as a unified organisation overseeing a range of business operations or subsidiary companies.
The company was incorporated on 9 January 1980 and is registered in London. Its registered office is located at Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS. CHRISTIE GROUP PLC operates under company number 01471939.
Public limited Companies structured as groups in the UK market are organisations that operate across various sectors, overseeing a portfolio of subsidiary companies. These entities utilise their public status to raise capital. The collective services and products are determined by the diverse operations of their constituent businesses.