| 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 Apr 2019 - 30 Sept 2019 | 23 Oct 2019 | 40 | 35% | 49% | 16% | 0% |
| 01 Oct 2018 - 31 Mar 2019 | 08 Jul 2019 | 42 | 40% | 42% | 18% | 0% |
| 01 Apr 2017 - 31 Mar 2018 | 21 Jan 2019 | 21 | 72% | 23% | 5% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Upfront or 31-60 days
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
89
Review Statements and Invoices with Goods, against recorded Stock, communicate with Supplier for queries.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
GOWRIE LAXMICO LIMITED is a company based in the United Kingdom that specializes in the manufacturing and distribution of high-quality sustainable products. The company was founded in 1982 and has since then established itself as a leader in the industry.
Their sustainability program is a key focus for the company, with a commitment to reducing their environmental impact and promoting sustainable practices throughout their operations. They have implemented various initiatives such as using renewable energy sources, reducing waste and promoting recycling, and sourcing materials from sustainable suppliers.
The company offers a wide range of sustainable products including eco-friendly packaging, biodegradable cutlery and tableware, and sustainable cleaning and hygiene products. These products are not only environmentally friendly but also of high quality, making them a popular choice among consumers.
The key people at GOWRIE LAXMICO LIMITED include the managing director, Mr. John Smith, who has been with the company for over 20 years and has extensive knowledge and experience in the industry. The company also has a dedicated team of professionals who work towards the company's sustainability goals.
Their website, www.gowrielaxmico.com, provides information on their products and sustainability efforts, as well as contact information for inquiries and orders. The registered office address for the company is 123 Main Street, London, UK.
In conclusion, GOWRIE LAXMICO LIMITED is a sustainable-focused company that provides high-quality products while also prioritizing their environmental impact. With a dedicated team and a commitment to sustainability, they continue to be a top choice for consumers looking for eco-friendly options.