Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 84.1/100 qualifies for PaymentCheck Certification
| 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 2020 - 30 Jun 2020 | 30 Jul 2020 | 21 | 82% | 5% | 13% | 25% |
| 01 Jul 2019 - 31 Dec 2019 | 14 Jan 2020 | 7 | 92% | 3% | 5% | 21% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 12 | 85% | 8% | 7% | 27% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our Standard Payment Terms are 60 days, however where we have a contract that denotes less than this then the contract terms are used against that supplier. All of our SME suppliers without a contract are set at 30 days or less. Any supplier without a contract has the payment terms printed on the purchase order that is sent to them.
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
Any invoice that is disputing is loaded into a query resolution system. The requestor of the goods service communicates with the supplier via phone/email. All emails are uploaded along with the invoice so the dispute can be monitored by the central AP function.
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
Intu Eldon Square Limited is the registered entity behind Eldon Square, a shopping centre in Newcastle upon Tyne offering retail, dining and leisure space. Companies House records its business as letting and operating its own or leased real estate, and its registered office is care of Pradera Lateral Limited, indicating the property is managed by that asset manager. The centre's own website describes it as bringing together Newcastle's shops, restaurants and leisure spots, listing tenants such as John Lewis & Partners, M&S, H&M and Wagamama, alongside food and entertainment areas including Freight Island. The company's role is therefore that of the property-owning entity for the shopping centre rather than an operator of the retail or catering businesses it houses.
Generated from the company's website and Companies House records. Sources: eldonsquare.co.uk · eldonsquare.co.uk