| 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 Aug 2018 - 31 Jan 2019 | 01 Mar 2019 | 68 | 37% | 7% | 56% | 19% |
| 01 Feb 2018 - 31 Jul 2018 | 30 Aug 2018 | 62 | 42% | 8% | 50% | 5% |
| 01 Aug 2017 - 31 Jan 2018 | 05 Mar 2018 | 62 | 41% | 10% | 49% | 32% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The following terms are in place a) 5 suppliers with 90 days b) Installers - small businesses are 14 days c) 60 day terms for various suppliers d) Nett Monthly and 2 Nett Monthly, other suppliers who we pay immediate payments and the Far East suppliers vary depending on the terms being on goods landed, on bill of lading
Were there any changes to the standard payment terms in the reporting period?
Changed one supplier from 120 days to 90 days
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Dispute and claims are resolved on a mutual agreement basis with view to resolving them as quickly as possible. Stock suppliers issue credit notes where agreed and Installers (Sub-Contractors) a credit is raised on their account for any remedial work to be carried out by another installer due to poor workmanship. Again these are agreed prior to being raised.
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
BATHSTORE.COM LIMITED is a in administration private limited company, incorporated on 6 April 1988, based in the North West region. Registered business activity: Other retail sale of new goods in specialised stores (not commercial art galleries and opticians).
From Companies House records.