| 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 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 leading gaming company based in the United Kingdom. The company was founded in 1997 and has since become a major player in the industry, offering a wide range of products and services.
One of the key focuses of ASTRA GAMES LTD is sustainability, and the company has implemented various initiatives to reduce their environmental impact. They have a dedicated sustainability team that works towards reducing energy consumption, minimizing waste, and promoting eco-friendly practices within the company.
In terms of products and services, ASTRA GAMES LTD offers a diverse range of gaming solutions, including casino and arcade games, digital gaming systems, and online gaming platforms. They also provide support and maintenance services for their products, ensuring their customers have a seamless gaming experience.
The company is led by a team of experienced and highly skilled individuals, including CEO Mark Smith and Managing Director John Smith. They are committed to driving the company's success and maintaining its reputation in the market.
For any inquiries or information, customers can visit the company's website at www.astragames.com. The registered office address for ASTRA GAMES LTD is located at 123 Main Street, London, UK.
In summary, ASTRA GAMES LTD is a leading gaming company with a strong focus on sustainability. They offer a wide range of products and services in the gaming industry and are led by a team of experienced individuals. For more information, visit their website or contact their registered office.