Industry ranking
| 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 Oct 2024 - 31 Mar 2025 | 01 May 2025 | 38 | 25% | 71% | 4% | 20% |
| 01 Apr 2024 - 30 Sept 2024 | 30 Oct 2024 | 35 | 21% | 76% | 3% | 32% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from invoice date
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
45
Any invoice that has been received will either be approved or rejected by a manager. In the case that an invoice is rejected, the manager will either contact the supplier directly to explain the query, or a note will be put onour internal invoice portal and the invoice will be sent back to the accounts team who will then investigate the query themselves. The supplier will be contacted usually via email regarding the query as soon as possible. The invoice will remain in query on our system until an agreement is reached – whether this be a credit note being raised, or anexplanation for the costs are sent. We always strive to make payments within 30 days, but payment may be delayed if an invoice remains in query.
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
Goldstar Heathrow Limited trades as Goldstar, a road transport and warehousing company based at Colnbrook near London Heathrow, with additional depots in Birmingham and Manchester. It provides nationwide haulage, air freight transfers, trunking between airport hubs, and warehousing services including cross-docking, pick and pack, and cargo screening. The company is a DfT regulated agent handling security screened cargo and holds accreditations including UKWA, Logistics UK, BIFA, TAPA and FORS Bronze. Its vehicles use telematics, GPS and CCTV, with electronic order and delivery tracking via API/EDI systems. The company has operated for over 25 years and describes itself as one of the UK's most trustworthy haulage and warehousing providers.
Generated from the company's website and Companies House records. Sources: goldstar.uk · goldstar.uk · goldstar.uk