The average time to pay for CLARITY TECHNOLOGY HOLDINGS LIMITED has remained consistent at 30 days over the past three periods.
The company has consistently paid 85% of their invoices within 30 days, with a slight increase to 86% in the most recent period.
Over the past three periods, CLARITY TECHNOLOGY HOLDINGS LIMITED has maintained a consistent average time to pay of 30 days. They have also consistently paid the majority of their invoices within 30 days (85-86%). However, there has been slight volatility in the percentage of invoices paid between 31 and 60 days and those not paid within agreed terms.
| 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 |
|---|---|---|---|---|---|---|
| 02 Jan 2017 - 31 Dec 2017 | 03 May 2018 | 30 | 85% | 14% | 1% | 10% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are 30 days from invoice date. We usually complete a payment run once a week so there is a chance of a delay of a couple of days.
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 disputes initially go to the accounts payable dept but are then passed to the responsible individual in the company to solve the dispute. This would be the head of dept who ordered the good or service.
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
CLARITY TECHNOLOGY HOLDINGS LIMITED is an active private limited company, incorporated on 16 April 2003, based in the South East region. Registered business activity: Dormant Company.
From Companies House records.