The average time taken for CLESHAR CONTRACT SERVICES LIMITED to pay invoices has slightly decreased from 35 days in the period of April 2018 to September 2018 to 34 days in the period of October 2020 to March 2021. However, there was a slight increase in the average time to pay during the period of April 2019 to September 2019, with an average of 38 days.
The percentage of invoices paid within 30 days has fluctuated between 25% and 66% over the past three periods. The percentage of invoices paid between 31 and 60 days has consistently been around 60%, with a slight decrease to 58% in the most recent period. There has been a consistent 0% of invoices paid later than 60 days and not within agreed terms.
The average time taken for CLESHAR CONTRACT SERVICES LIMITED to pay invoices has been relatively consistent over the past three periods, with a slight decrease in the most recent period. The percentage of invoices paid within 30 days has also been consistent, with a slight decrease in the most recent period. The company has consistently paid all invoices within the agreed terms and has not had any invoices paid later than 60 days.
| 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 Oct 2020 - 31 Mar 2021 | 31 Mar 2021 | 35 | 58% | 42% | 0% | 0% |
| 01 Apr 2020 - 30 Sept 2020 | 13 Oct 2020 | 36 | 36% | 64% | 0% | 0% |
| 01 Oct 2019 - 31 Mar 2020 | 08 Apr 2020 | 34 | 33% | 67% | 0% | 0% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Nov 2019 | 38 | 25% | 75% | 0% | 0% |
| 01 Apr 2019 - 30 Apr 2019 | 29 Nov 2019 | 38 | 25% | 75% | 0% | 0% |
| 01 Oct 2018 - 31 Mar 2019 | 02 Dec 2019 | 36 | 66% | 34% | 0% | 0% |
| 01 Apr 2018 - 30 Sept 2018 | 26 Oct 2018 | 35 | 44% | 56% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days following month end of month in which invoice received
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
All invoices reconciled to Purchase Orders upon receipt and discrepancies raised with client and agreed - all within payment period
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
CLESHAR CONTRACT SERVICES LIMITED is an active private limited company, incorporated on 25 August 1992, based in the London region. Registered business activity: Other business support service activities not elsewhere classified.
From Companies House records.