| 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 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 51 | 22% | 57% | 21% | 21% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 55 | 19% | 57% | 24% | 25% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 50 | 20% | 56% | 26% | 27% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 48 | 23% | 63% | 14% | 14% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days from invoice date unless agreed otherwise by exception
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
60 days from invoice date unless agreed otherwise by exception
Maximum contractual payment period agreed
60
Any disputes are notified to the supplier by either the accounts department or department requesting the supply. Every effort is made to resolve any dispute within the payment terms of invoice
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.
❌
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
Cordant Security Limited was a private limited company registered in England, incorporated in 1996 and since dissolved. It was classified under the 'other service activities not elsewhere classified' SIC code and tagged within the security and surveillance industry, with recorded business activity including alarm and safety equipment provision. The company operated on a small scale, with company records indicating fewer than ten employees. No further detail on specific services, clients or contracts is available from the evidence supplied. As the company has been dissolved, it is no longer trading and any prior security-related operations have ceased.
Generated from the company's website and Companies House records. Sources: ypage.uk