| 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 2023 - 30 Jun 2023 | 05 Jul 2023 | 76 | 14% | 42% | 44% | 86% |
| 01 Jul 2022 - 31 Dec 2022 | 10 Jan 2023 | 84 | 15% | 44% | 41% | 85% |
| 01 Jan 2022 - 30 Jun 2022 | 07 Jul 2022 | 78 | 13% | 45% | 42% | 42% |
| 01 Jul 2021 - 31 Dec 2021 | 12 Jan 2022 | 72 | 8% | 47% | 45% | 45% |
| 01 Jan 2021 - 30 Jun 2021 | 12 Jul 2021 | 85 | 7% | 43% | 50% | 50% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We operate standard payment terms of 30 days with small to medium enterprises and 60 days with large enterprises. Other payment terms have been agreed for bespoke contracts.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
If a dispute arises between the parties, the parties will attempt, in good faith, to reach settlement as soon as possible between the FirstPort Contact and the Supplier Contact (who shall be authorised to settle such a dispute). This dispute resolution procedure will be followed prior to commencing any legal proceedings.
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
FirstPort Group Limited is a UK-registered company that has traded under several previous names, including Firstport Limited, Peverel Property Management Limited and Launchcoin Limited. Its registered activity is classified as head office activities, and it forms the head office entity within a group associated with property and land assets management. As a head office company, it does not itself provide services to end customers but sits above operating businesses within the wider group that carry out property and land management functions. The company is registered in England, remains active, and files accounts and confirmation statements as required by Companies House.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk