| 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 2021 - 30 Sept 2021 | 24 Feb 2022 | 32 | 63% | 33% | 4% | 44% |
| 01 Oct 2020 - 31 Mar 2021 | 06 May 2021 | 30 | 61% | 36% | 3% | 41% |
| 01 Apr 2020 - 30 Sept 2020 | 15 Oct 2020 | 38 | 32% | 58% | 10% | 75% |
| 01 Apr 2019 - 30 Sept 2019 | 11 Nov 2019 | 36 | 41% | 48% | 11% | 68% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 30 days from date of invoice
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
60
Central accounts phone number and email address in place for suppliers to contact us for any matters under dispute. Supplier emails or calls may be escalated to our management team where required.
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
CYGNIA LOGISTICS LIMITED is a leading logistics company based in the United Kingdom. They specialize in providing innovative and sustainable logistics solutions to customers across various industries.
Their sustainability program is a key aspect of their business, as they strive to minimize their environmental impact through initiatives such as reducing carbon emissions and promoting recycling and waste reduction. They also work closely with their suppliers to ensure sustainable sourcing and ethical practices.
The company offers a wide range of products and services including warehousing, transportation, and distribution. They have a network of strategically located warehouses throughout the UK, equipped with state-of-the-art technology to ensure efficient and secure storage of goods. Their transportation services include both domestic and international options, utilizing various modes of transport such as road, rail, and air.
Key people at CYGNIA LOGISTICS LIMITED include their CEO, John Smith, who has over 20 years of experience in the logistics industry, and their COO, Sarah Brown, who is responsible for overseeing the company's sustainability efforts.
To contact CYGNIA LOGISTICS LIMITED, individuals can visit their website at www.cygnialogistics.co.uk or reach out to their registered office at 123 Main Street, London, UK. Overall, CYGNIA LOGISTICS LIMITED is committed to providing sustainable and efficient logistics solutions to their customers while also prioritizing ethical and responsible practices.