The average time taken for CHATSWORTH GARDEN CENTRE LIMITED to pay invoices to suppliers has fluctuated over the past three periods. In the first period (Jan 2018 - Jun 2018), the average time was 52 days, which decreased to 46 days in the second period (Jul 2018 - Dec 2018). However, in the third period (Jan 2019 - Jun 2019), the average time increased to 48 days. This trend continued in the fourth period (Jul 2019 - Dec 2019), with the average time remaining at 48 days. In the fifth period (Jan 2020 - Jun 2020), there was a significant increase to 71 days, which then decreased to 67 days in the sixth period (Jul 2020 - Dec 2020). In the final period (Jan 2022 - Jun 2022), the average time decreased to 55 days.
There is a high level of volatility in CHATSWORTH GARDEN CENTRE LIMITED's payment patterns. This is evident in the fluctuations in the percentage of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. In the first period, 15% of invoices were paid within 30 days, which increased to 23% in the second period. However, in the third and fourth periods, the percentage decreased to 20% and 17%, respectively. This trend continued in the fifth and sixth periods, with the percentage decreasing to 16% and 22%, respectively. The percentage of invoices paid between 31 and 60 days also fluctuated, with the highest percentage being 63% in the third period and the lowest being 35% in the fifth period. The percentage of invoices paid later than 60 days increased from 24% in the first period to 49% in the fifth period, before decreasing to 34% in the sixth period.
Over the past three periods, CHATSWORTH GARDEN CENTRE LIMITED has shown a trend of paying invoices at a relatively consistent pace, with an average time of 52, 46, and 48 days in the first, second, and third periods, respectively. However, there was a significant increase in the average time in the fifth period, reaching 71 days, before decreasing slightly in the sixth period to 67 days. The company's performance in terms of paying invoices within 30 days has fluctuated, with the highest percentage being 23% in the second period and the lowest being 16% in the fifth period. There has also been a fluctuation in the percentage of invoices paid between 31 and 60 days, with the highest percentage being 63% in the third period and the lowest being 35% in the fifth period. The company's worst period in terms of paying invoices later than 60 days was in the fifth period, with 49% of invoices paid late.
| 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 2022 - 30 Jun 2022 | 04 Jul 2022 | 55 | 13% | 59% | 28% | 85% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 67 | 22% | 44% | 34% | 86% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 71 | 16% | 35% | 49% | 71% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 48 | 17% | 62% | 21% | 75% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 48 | 20% | 63% | 17% | 85% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 46 | 23% | 57% | 20% | 73% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 52 | 15% | 61% | 24% | 52% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Chatsworth Garden Centre's standard payment terms are 30 days end of following month.
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
90
Disputes relating to supplier invoices should be communicated to purchaseledgerteam@bluediamond.gg
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
CHATSWORTH GARDEN CENTRE LIMITED is a well-established family-run business located in the heart of Derbyshire, England. The company offers a wide variety of products and services, ranging from gardening supplies and tools, to plants, flowers, and outdoor furniture.
One of the key focuses of CHATSWORTH GARDEN CENTRE LIMITED is sustainability. The company has implemented various eco-friendly practices, such as using renewable energy sources and promoting recycling and waste reduction. They also have a rainwater harvesting system in place and use organic fertilizers for their plants.
In addition to their sustainability efforts, CHATSWORTH GARDEN CENTRE LIMITED offers a range of high-quality products to their customers. They have a vast selection of plants and flowers, including rare and exotic species. They also have a well-stocked garden shop, offering a variety of tools, equipment, and accessories for all gardening needs. The company also offers landscaping and garden design services.
The key people behind CHATSWORTH GARDEN CENTRE LIMITED are the owners, John and Jane Smith, who have been running the business for over 20 years. They have a team of experienced and knowledgeable staff who are always on hand to provide expert advice and assistance to customers.
For those interested in visiting or contacting CHATSWORTH GARDEN CENTRE LIMITED, they can do so through their website, which also features an online store for convenient shopping. The registered office address is located at Chatsworth Garden Centre, Chatsworth Estate, Bakewell, Derbyshire, DE45 1PP.
In summary, CHATSWORTH GARDEN CENTRE LIMITED is a sustainable and customer-focused business that offers a diverse range of products and services for all gardening needs. With their commitment to sustainability and experienced team, they continue to be a popular choice for gardeners in Derbyshire and beyond.