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 93.9/100 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 Apr 2020 - 30 Sept 2020 | 03 Nov 2020 | 17 | 90% | 5% | 5% | 4% |
| 01 Apr 2019 - 30 Sept 2019 | 31 Oct 2019 | 21 | 89% | 11% | 0% | 0% |
| 01 Apr 2018 - 31 Mar 2019 | 30 Apr 2019 | 19 | 89% | 6% | 5% | 11% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 19 | 85% | 11% | 4% | 15% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The CHA Ventures Limited has two types of contracts, one for construction and the other for consultancy. The standard payment terms for the construction contracts vary from 21 to 28 days and the standard consultancy payments terms are 14 to 28 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
28
Payments under dispute are reported to the Finance department and reported to the relevant business area who will liaise with the supplier to resolve the dispute. No fixed time is assigned to resolving payment in dispute
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
CHA VENTURES LIMITED is an active private limited company, incorporated on 17 November 2005, based in the North West region. Registered business activity: Construction of commercial buildings; Construction of domestic buildings.
From Companies House records.