| 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 Apr 2020 | 31 Jul 2020 | 67 | 1% | 56% | 43% | 67% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 57 | 6% | 58% | 36% | 8% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 57 | 6% | 59% | 35% | 7% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 30 days End of Month, i.e. if an invoice is dated 12th April it will be paid on 31st May.
Were there any changes to the standard payment terms in the reporting period?
In light of the global Covid pandemic, the company had almost all it's revenue streams ceased overnight on 22nd March. Following this, payment plans were renegotiated and agreed with a number of suppliers which the Company has adhered to fully. These amounts though, in line with the reporting guidelines and following advice from the Payment Practice Reporting Group were still showed as paid late, hence the increase in the % of invoices paid late.
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Disputes with regards to production parts are resolved with reference to the signed delivery notes etc. Disputes with regards to services would involve contacting the supplier for more information and resolving with the authorised manager. Disputes with regards to whether a payment has been made will be resolved via providing bank confirmations.
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
ASTRA GAMES LTD is a liquidation private limited company, incorporated on 24 October 2014, based in the West Midlands region. Registered business activity: Manufacture of professional and arcade games and toys.
From Companies House records.