Industry ranking
Score of 90/100 qualifies for PaymentCheck Certification
The average time taken for THE GATESHEAD HOUSING COMPANY to pay invoices has remained relatively consistent over the past three periods, ranging from 17 to 21 days.
The volatility in average time taken to pay invoices has been low, with only a 4-day difference between the highest and lowest periods.
| 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 Oct 2019 - 31 Mar 2020 | 23 Apr 2020 | 21 | 88% | 8% | 4% | 12% |
| 01 Apr 2019 - 30 Sept 2019 | 18 Oct 2019 | 21 | 84% | 12% | 4% | 16% |
| 01 Oct 2018 - 31 Mar 2019 | 25 Apr 2019 | 17 | 90% | 7% | 3% | 10% |
| 01 Apr 2018 - 30 Sept 2018 | 19 Oct 2018 | 18 | 91% | 7% | 3% | 10% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The standard payment terms for all invoices are 30 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 suppliers are advised to contact the accountancy team regarding any unpaid invoices and are made aware of the telephone number and email address to contact. The accountancy team will check the finance system and request copies of any invoices that have not been received. If an invoice is already on the system but has not been authorised then they will contact the relevant manager to discuss the invoice and either the relevant manager or accounts team will contact the supplier to provide them with an update.
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
The Gateshead Housing Company was a private limited company by guarantee, incorporated in October 2003 and dissolved via voluntary strike-off in January 2023. Its registered office was at Gateshead Civic Centre and its listed nature of business was management of real estate on a fee or contract basis. Companies House records show a large number of directors and secretaries appointed and resigned over its life, with its final accounts made up to 31 March 2021. No further detail on specific properties managed or clients served is available from the evidence, but the SIC classification indicates it operated as a real estate management entity rather than an owner or developer of property.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk