Despite an average payment time of 23 days, 59% of GAMESMAN LIMITED's payments are consistently late, suggesting a frequent inability to meet contractual deadlines. While 57% pay within 30 days, a substantial portion still extends beyond this timeframe. This trend indicates a prevalent pattern of delayed adherence to payment terms, rather than consistent promptness.
Payment reliability is moderate, with 57% of payments made within 30 days, but a considerable 41% extending into the 31-60 day bracket. This distribution points to moderate unpredictability in receiving timely payments, as nearly half of invoices face potential delays. The 2% exceeding 60 days represents a minor, yet present, risk of prolonged payment cycles.
Overall, GAMESMAN LIMITED presents a moderate payment risk due to frequent delays, with 59% of payments being late and a significant portion extending beyond 30 days. Suppliers should anticipate that nearly half of invoices may experience payment delays of 30-60 days. To mitigate this risk, consider negotiating shorter payment terms or requiring upfront payments for significant orders.
| 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 |
|---|---|---|---|---|---|---|
| 26 Sept 2020 - 26 Mar 2021 | 22 Apr 2021 | 23 | 57% | 41% | 2% | 59% |
| 28 Mar 2020 - 25 Sept 2020 | 02 Nov 2020 | 26 | 37% | 61% | 2% | 63% |
| 28 Sept 2019 - 27 Mar 2020 | 20 Apr 2020 | 24 | 56% | 40% | 4% | 49% |
| 30 Mar 2019 - 27 Sept 2019 | 29 Oct 2019 | 28 | 59% | 38% | 3% | 51% |
| 28 Sept 2018 - 29 Mar 2019 | 29 Apr 2019 | 32 | 53% | 42% | 5% | 52% |
| 01 Apr 2018 - 28 Sept 2018 | 10 Oct 2018 | 31 | 52% | 45% | 3% | 54% |
| 30 Sept 2017 - 30 Mar 2018 | 24 Apr 2018 | 30 | 54% | 42% | 4% | 43% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are 30 days. However we tend to adopt supplier terms.
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
We don't have a standard process. Disputes, if any, would be settled by negotiation.
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
GAMESMAN LIMITED is an active private limited company operating within the games sector. The company's name indicates its engagement with products or services related to gaming.
The company is registered in London under company number 03027138 and was incorporated on 28 February 1995. Its registered office is located at One, Fleet Place, London, England, EC4M 7WS.
Private limited companies operating within the games sector in the UK typically engage in the design, development, manufacture, or distribution of gaming products and equipment. This often includes components, software, or complete systems for various gaming applications.
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