Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The trend for GO PLANT LIMITED's average time to pay invoices has been fluctuating over the past three periods, with a decrease in the most recent period. The percentage of invoices paid within 30 days has also been fluctuating, with an increase in the most recent period. However, the percentage of invoices paid between 31 and 60 days has been decreasing, while the percentage of invoices paid later than 60 days has been increasing over the past three periods.
There is a high level of volatility in GO PLANT LIMITED's payment habits, with significant changes in the percentage of invoices paid within 30 days and between 31 and 60 days. The percentage of invoices paid later than 60 days has also fluctuated, but not as significantly.
GO PLANT LIMITED's average time to pay invoices has decreased from 46 days in the first period to 34 days in the most recent period. The percentage of invoices paid within 30 days has increased from 22% to 60%, while the percentage of invoices paid between 31 and 60 days has decreased from 62% to 22%. However, the percentage of invoices paid later than 60 days has increased from 16% to 18%.
| 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 Jan 2021 - 30 Jun 2021 | 10 Aug 2021 | 34 | 60% | 22% | 18% | 58% |
| 01 Jul 2020 - 31 Dec 2020 | 31 Mar 2021 | 32 | 56% | 25% | 19% | 64% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Mar 2021 | 67 | 39% | 45% | 16% | 81% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 45 | 21% | 68% | 11% | 74% |
| 01 Jan 2019 - 30 Jun 2019 | 31 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 46 | 22% | 62% | 16% | 48% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The majority of our suppliers are on 30 day payment 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
90
Invoices are logged on to the ledger as unauthorised and sent to the depot to resolve. Depots contact the supplier to resolve the query and report back to AP with a resolution. AP chase regularly to ensure the process is being followed.
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
This record, registered as Go Plant Limited and incorporated in 1995, now trades under the name GPL 2024 Realisations Limited, according to Companies House filings. Companies House lists its nature of business as the renting and leasing of trucks and other heavy vehicles. The company's charges register shows numerous historical and outstanding charges held by banks and finance providers, and the company also has an insolvency record on file at Companies House, indicating it has entered a formal insolvency process. No further detail on trading operations, products or customers is available from the supplied evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk