| 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 Sept 2018 - 28 Feb 2019 | 25 Mar 2019 | 42 | 37% | 40% | 23% | 23% |
| 01 Mar 2018 - 31 Aug 2018 | 19 Nov 2018 | 72 | 11% | 21% | 68% | 68% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Materials and overheads: Standard payment terms are 45 days following the month that the VAT invoice is received and approved. Subcontractors: Subcontractors are required to make applications for payment on a monthly basis. Provided the application for payment is received ahead of the deadline, payment will be made 45 days from the end of the month that the application is received and approved.
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
Disputes are dealt with by the Purchase Ledger Team at Stobart Rail Ltd, The Terminal, Aviation Way, Carlisle Lake District Airport, Carlisle, Cumbria, CA6 4NZ.
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
STOBART RAIL LIMITED is a in administration private limited company, incorporated on 25 May 1993, based in the North West region. Registered business activity: Construction of commercial buildings; Construction of railways and underground railways; Operation of rail passenger facilities at railway stations.
From Companies House records.