CHELTENHAM & GLOUCESTER PLC
Company Information
- Company Number
- 02299428
- Registered Address
- Barnett Way, Gloucester, GL4 3RL
- Status
- Active
- Employee Count
- 370
- Turnover
- £8,403,000
- EBITDA
- £8,504,000
Additional Details
- Website
- https://cheltglos.co.uk
- Company Type
- Public limited Company
- Incorporated On
- 23 September 1988
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Professional Services
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Performance Reports History
| 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 2018 - 31 Dec 2018 | 29 Jan 2019 | 18 | 91% | 5% | 4% | 7% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 17 | 89% | 8% | 3% | 10% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms are 30 days after receipt of a correct, undisputed, timely provided and properly due VAT invoice. In some circumstances, Cheltenham & Gloucester Plc agrees appropriate terms of payment with suppliers for each transaction or series of transactions, and abides by those terms based on the timely submission of valid invoices.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Invoice Receipt Date We are currently only able to record the date of receipt of invoices for circa 54% of reportable invoices in this report. Where the date we receive an invoice is not available, we have reported on the date of the invoice itself, as we consider this the most justifiable alternative. Unknown payment terms For certain suppliers, our systems do not currently capture details of the payment terms in place under qualifying contracts with those suppliers. Therefore, for the purposes of reporting on our payment statistics for those qualifying contracts, we have assumed that all payments under those contracts are due within 30 days of the date of receipt of the invoice, which reflects our most commonly used contractual payment terms. Discrepancy between contracting entity and paying entity Our payment statistics include some payments made by Cheltenham & Gloucester Plc where, although we are not the contracting entity for the relevant qualifying contract, the services have been received and paid for by Cheltenham & Gloucester Plc.
Maximum contractual payment period agreed
30
Dispute Resolution Process
Suppliers can raise queries with their appointed managers in the first instance. They can also contact the dedicated accounts payable team (VIMQueriesowners@lloydsbanking.com). Such contacts would generally seek to deal with any disputes promptly (involving other senior contacts, as needed), in accordance with the terms of the contract.
Other Payment Information
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
Company Summary
Cheltenham & Gloucester PLC is a financial services company based in England. Their focus is on providing banking and mortgage services to customers, with a strong emphasis on sustainability.
The company's sustainability program includes initiatives such as reducing carbon emissions, promoting responsible lending practices, and supporting local communities. They also have a dedicated team that works towards improving their environmental impact and promoting ethical business practices.
In terms of products and services, Cheltenham & Gloucester PLC offers a range of savings accounts, mortgages, and insurance options. They also have a mobile banking app for convenient access to their services.
The key people at Cheltenham & Gloucester PLC include their CEO, Mark Brown, and their Chairman, David Prowse. They are supported by a team of experienced professionals who strive to provide excellent customer service and uphold the company's values.
To contact Cheltenham & Gloucester PLC, individuals can visit their website at www.cheltglos.co.uk or reach out to their registered office at Barnwood, Gloucester, GL4 3RL, United Kingdom. Overall, Cheltenham & Gloucester PLC is committed to providing sustainable financial solutions while maintaining their reputation as a trustworthy and customer-focused company.
