Score of 80.3/100 qualifies for PaymentCheck Certification
| 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 2021 - 31 Dec 2021 | 27 Jan 2022 | 43 | 85% | 10% | 5% | 15% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 45 | 87% | 8% | 5% | 5% |
| 01 Jan 2020 - 30 Jun 2020 | 21 Jul 2020 | 60 | 82% | 7% | 11% | 11% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 43 | 89% | 6% | 5% | 11% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 46 | 84% | 10% | 6% | 16% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 45 | 91% | 5% | 4% | 9% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 45 | 84% | 8% | 8% | 15% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 30 days, these are agreed with Procurement
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
180
Disputes are directed to the Finance Manager who investigates the issue with the AP team and the person (s) who ordered the goods/ services, if applicable, to establish the facts. If the issue can not be resolved by the Finance Manager it is escalated to the Group Financial Controller and Procurement Manager.
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
COLART INTERNATIONAL HOLDINGS LIMITED is a leading international supplier of art materials, with a strong commitment to sustainability. The company offers a wide range of high-quality products and services for artists, including paints, brushes, canvases, and other art supplies.
The company's sustainability program is focused on reducing its environmental impact and promoting responsible practices throughout its supply chain. This includes using sustainable materials in their products, reducing waste and carbon emissions, and supporting sustainable sourcing and production methods.
Key people at COLART INTERNATIONAL HOLDINGS LIMITED include CEO Patrick Gormley and Chairman David Peacock. The company's registered office address is at The Studio Building, 21 Evesham Street, London, W11 4AJ, United Kingdom.
COLART INTERNATIONAL HOLDINGS LIMITED's website, www.colart.com, provides information on their range of products and services, as well as their sustainability efforts. The website also features a blog and resources for artists, showcasing their commitment to supporting and inspiring the art community.
In summary, COLART INTERNATIONAL HOLDINGS LIMITED is a leading supplier of art materials, with a strong focus on sustainability and responsible practices. Their high-quality products and services, along with their commitment to supporting artists and the environment, make them a trusted choice for artists worldwide.
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