| 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 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 25 | 79% | 18% | 3% | 20% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 26 | 85% | 9% | 6% | 32% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 32 | 74% | 15% | 11% | 29% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our terms are 30 days. We pay earlier at our discretion
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
30
All invoices are registered on arrival in the office Invoice queries are raised by the originating department with the supplier Disputed invoices are resolved as soon as possible with the supplier Finance keep a record of all unauthorised invoices and these are regularly notified to the authorised signatory in the originating department. Should the issue become irresolvable the Finance manager would escalate the issue to the Head of Finance. Legal advice may be sought at this stage.
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
Glyndebourne Enterprises Limited is registered at the Glyndebourne opera house in East Sussex, home of the Glyndebourne Festival opera season since 1934. Companies House lists its activities as retail sale of new goods, internet and mail order retailing, and artistic creation, indicating a role handling commercial and retail activity, such as the online shop and related trading, connected to the wider Glyndebourne opera organisation. The main Glyndebourne operation stages an annual summer festival and autumn programme of opera and concerts, alongside talent development, art exhibitions and a shop selling exclusive and locally sourced products, with proceeds supporting its work as a charity receiving no public subsidy.
Generated from the company's website and Companies House records. Sources: glyndebourne.com · glyndebourne.com