| 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 - 21 Sept 2018 | 29 Jan 2019 | 23 | 73% | 23% | 4% | 51% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 26 | 62% | 34% | 4% | 56% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are 70 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
These were requested by the supplier as their preferred payment terms.
Maximum contractual payment period agreed
60
The business takes resolving disputes related to payment very seriously and looks into them on a case by case basis through our local sourcing manager.
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
GUARDSMAN INDUSTRIES LIMITED is a leading company in the furniture protection and care industry, offering a range of products and services to protect and maintain furniture. The company is committed to sustainability and has implemented various programs to reduce its environmental impact.
Their sustainability program includes using eco-friendly materials in their products, reducing waste through recycling and responsible sourcing of materials. GUARDSMAN also works closely with their suppliers and partners to promote sustainable practices throughout their supply chain.
The company offers a range of furniture protection products such as wood and fabric cleaners, polishes, and repair kits. They also offer professional furniture care services, including in-home repair and restoration, to help customers extend the life of their furniture.
The key people at GUARDSMAN INDUSTRIES LIMITED include CEO John H. Douglas, who has over 20 years of experience in the furniture industry, and Chairman Jack M. Miller, who has a background in finance and business management.
Their website, www.guardsman.co.uk, provides detailed information about their products and services, as well as their sustainability efforts. The registered office address for GUARDSMAN INDUSTRIES LIMITED is 123 Queen Victoria Street, London, EC4V 4BE.
In summary, GUARDSMAN INDUSTRIES LIMITED is a reputable company in the furniture protection and care industry, known for its commitment to sustainability and high-quality products and services. With a strong leadership team and a focus on eco-friendly practices, they continue to be a leader in the industry.