GOLDEN CHARTER LIMITED
Company Information
- Company Number
- 02511598
- Registered Address
- One, Fleet Place, London, England, EC4M 7WS
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 14 June 1990
- Nature of Business
- 96030 - Funeral and related activities
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
GOLDEN CHARTER LIMITED exhibits an exceptional payment speed, with an average payment time of just 4 days, reflecting a strong trend of rapid invoice processing. A consistent 98% of payments are made within 30 days, demonstrating remarkable promptness and reliability over time. This trajectory indicates a robust financial operation committed to extremely swift settlement of obligations.
Volatility Analysis
Payment reliability is very high, with 98% of invoices settled within 30 days, indicating strong predictability for suppliers. The minor 2% of payments extending into the 31-60 day range, with no payments exceeding 60 days, suggests minimal volatility in their payment cycles. The overall late payment rate of only 2% presents a negligible risk factor, ensuring highly predictable cash flow for suppliers.
Summary Analysis
GOLDEN CHARTER LIMITED is an extremely low-risk partner due to their outstanding payment performance, characterized by an average 4-day payment time and 98% of invoices paid within 30 days. Suppliers can confidently expect timely and predictable payments, making them a highly desirable customer. No specific risk mitigation strategies are recommended beyond standard business practices given their exemplary payment behavior.
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 Apr 2025 - 30 Sept 2025 | 03 Nov 2025 | 4 | 98% | 2% | 0% | 2% |
| 01 Oct 2024 - 31 Mar 2025 | 18 Aug 2025 | 5 | 97% | 3% | 0% | 3% |
| 01 Apr 2024 - 30 Sept 2024 | 09 Dec 2024 | 12 | 88% | 10% | 2% | 12% |
| 01 Oct 2023 - 31 Mar 2024 | 15 May 2024 | 10 | 93% | 6% | 1% | 9% |
| 01 Apr 2023 - 30 Sept 2023 | 03 Oct 2023 | 11 | 91% | 8% | 1% | 9% |
| 01 Oct 2022 - 31 Mar 2023 | 19 Apr 2023 | 10 | 90% | 8% | 2% | 10% |
| 01 Apr 2022 - 30 Sept 2022 | 12 Oct 2022 | 12 | 88% | 10% | 2% | 12% |
| 01 Oct 2021 - 31 Mar 2022 | 12 Apr 2022 | 10 | 91% | 8% | 2% | 9% |
| 01 Apr 2021 - 30 Sept 2021 | 14 Oct 2021 | 11 | 91% | 8% | 1% | 9% |
| 01 Oct 2020 - 31 Mar 2021 | 17 May 2021 | 11 | 90% | 9% | 1% | 7% |
| 01 Apr 2020 - 30 Sept 2020 | 20 Oct 2020 | 11 | 94% | 5% | 1% | 7% |
| 01 Oct 2019 - 31 Mar 2020 | 18 Aug 2020 | 17 | 86% | 11% | 3% | 14% |
| 01 Apr 2019 - 30 Sept 2019 | 10 Oct 2019 | 14 | 91% | 7% | 2% | 10% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 13 | 93% | 5% | 2% | 7% |
| 01 Apr 2018 - 30 Sept 2018 | 06 Nov 2018 | 16 | 91% | 6% | 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
Payment within 5 days for funeral director invoices. Payment within 30 days for all other supplier invoices.
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
30
Dispute Resolution Process
1. If there is a separate agreement between the Supplier and Golden Charter relating to the supply of the goods or services to which an invoice relates, disputes relating to the invoice will be treated as a dispute arising under that agreement. 2. Where there is no separate agreement the Golden Charter Finance Services Manager will raise any queries in respect of the supply of the goods or services with the Supplier. This typically occurs during the period the supply of goods or services takes place, on receipt of the invoice, or during the period before payment is due. 3. Golden Charter uses an electronic workflow to track the majority of its purchase invoices through an authorisation process which provides a clear date audit trail from receipt of invoice through to payment. The system is reviewed periodically for unauthorised invoices which have exceeded the Golden Charter Default Payment Terms. 4. If a dispute or query remains in relation to an invoice beyond the later of the expiry of the payment terms period or the provision of services, the supplier may issue a credit note for the entire invoice and re-invoice for the undisputed part separately and will notify Golden Charter accordingly. This should be in the form of an email to payables@goldencharter.co.uk and the Golden Charter Finance Services Manager who will need to approve the revised invoice for the undisputed part. Golden Charter will then process and pay the new undisputed invoice in accordance with the original payment terms. 5. Golden Charter reserves the right to withhold payment of disputed amounts pending resolution. Both the Supplier and Golden Charter shall endeavour to settle at the earliest possible date any invoicing matters in dispute. The Supplier can escalate the dispute by emailing payables@goldencharter.co.uk with a copy of invoice and correspondence to date in respect of the dispute and providing an outline of the issues. The Golden Charter Finance Services Manager will escalate the information within the organisation to facilitate the resolution where possible.
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?
❌
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
GOLDEN CHARTER LIMITED is an active private limited company
Its specific business activities are not detailed within the provided company information, but it operates as a legally distinct entity under the name Golden Charter Limited
The company, bearing company number 02511598, was incorporated on 14 June 1990
Its registered office is located at One, Fleet Place, London, England, EC4M 7WS, confirming its registration within London, England
As a private limited company in the UK, GOLDEN CHARTER LIMITED is structured to conduct commercial operations, offering goods or services to generate profit
This company type provides its owners with limited liability, separating personal assets from business debts and obligations, and can engage in a broad spectrum of business activities in the UK market
