Score of 88.1/100 qualifies for PaymentCheck Certification
| 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 2020 - 31 Dec 2020 | 28 Jan 2021 | 20 | 78% | 22% | 0% | 5% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 20 | 77% | 23% | 0% | 4% |
| 01 Jul 2019 - 31 Dec 2019 | 10 Jan 2020 | 21 | 77% | 23% | 0% | 10% |
| 01 Jan 2019 - 30 Jun 2019 | 10 Jul 2019 | 18 | 95% | 5% | 0% | 7% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 20 | 88% | 12% | 0% | 5% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 21 | 78% | 22% | 0% | 15% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Gantrade Europe commits to the payment of all undisputed sums due to 3rd party suppliers within the agreed credit terms. The majority of suppliers in the UK have standard terms of 30 days. On average we take 20 days to pay third party suppliers
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
Suppliers are encouraged to contact the company accounts payables team in order to discuss queries. Disputed amounts will be referred to the relevant department manager and where necessary discussed with the supplier contact. The dispute can be further escalated to the financial controller and resolved with the appropriate action.
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
GANTRADE EUROPE LIMITED is a trading company that specializes in the import and export of various goods, including agricultural products, industrial chemicals, and consumer electronics. The company is committed to sustainability and has implemented an extensive sustainability program to ensure responsible and ethical business practices.
As part of their sustainability efforts, GANTRADE EUROPE LIMITED sources products from sustainable and ethical suppliers, uses eco-friendly packaging materials, and promotes energy efficiency in their operations. They also actively engage in community outreach and support various social and environmental causes.
The company offers a wide range of products, including grains, pulses, fertilizers, and industrial chemicals, which are sourced from reputable suppliers around the world. They also distribute consumer electronics such as smartphones, laptops, and TVs.
GANTRADE EUROPE LIMITED is led by a team of experienced professionals, including directors and managers who have extensive knowledge and expertise in the trading industry. The company's registered office address is located in London, and they can be contacted through their website or via email or phone for any inquiries or business opportunities.
In summary, GANTRADE EUROPE LIMITED is a sustainable trading company that offers a diverse range of products while prioritizing responsible and ethical business practices. With a dedicated team and a strong commitment to sustainability, the company continues to thrive in the competitive trading market.
Proud of your payment record? Show your live score on your own site:
<iframe src="https://paymentcheck.co.uk/badge/01712339" width="240" height="72" style="border:0" title="PaymentCheck Score" loading="lazy"></iframe>