Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 |
|---|---|---|---|---|---|---|
| 25 Feb 2020 - 24 Aug 2020 | 15 Sept 2020 | 31 | 62% | 29% | 9% | 75% |
| 25 Aug 2019 - 24 Feb 2020 | 11 Mar 2020 | 31 | 62% | 29% | 9% | 75% |
| 25 Feb 2019 - 24 Aug 2019 | 16 Sept 2019 | 29 | 68% | 23% | 9% | 80% |
| 25 Aug 2018 - 24 Feb 2019 | 21 Mar 2019 | 28 | 67% | 25% | 8% | 90% |
| 25 Feb 2018 - 24 Aug 2018 | 18 Sept 2018 | 26 | 69% | 24% | 7% | 77% |
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 from the date stated on the invoice. The maximum contractual payment period that we have is 60 days. There has been no changes to this during the reporting period.
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
Our process for resolving disputes around payment will begin with an investigation of why a payment has not been made. If it is due to a process error within the group or lack of correct payee information it will be rectified and payment made as soon as possible. Resolution of all other disputes will start with the business owner for the expenditure – who will hold discussions with the vendor in order to work through any disagreement. If an agreement cannot be reached, then the dispute will be escalated through the Group to a member of senior management who are expected to reach a mutually acceptable resolution. If this does not work then the dispute will ultimately be escalated to the Group Finance Director for resolution.
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 DELTIC GROUP LIMITED is a in administration private limited company, incorporated on 5 December 2011, based in the North West region. Registered business activity: Licensed clubs.
From Companies House records.