Ranked in 4 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 |
|---|---|---|---|---|---|---|
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 28 | 58% | 41% | 0% | 5% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 28 | 58% | 42% | 0% | 5% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 13 | 74% | 26% | 0% | 5% |
| 01 Jan 2020 - 30 Jun 2020 | 04 Aug 2020 | 9 | 85% | 15% | 0% | 5% |
| 01 Jul 2019 - 31 Dec 2019 | 21 Feb 2020 | 12 | 70% | 30% | 0% | 5% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 12 | 75% | 25% | 0% | 5% |
| 01 Jul 2018 - 31 Dec 2018 | 12 Feb 2019 | 9 | 45% | 55% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Aug 2018 | 17 | 65% | 30% | 5% | 32% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms offered to customers will vary depending on the contractual arrangement from 0 to 30 days. We will usually credit insure customers where payment terms are provided.
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
30
The Finance department will resolve all payment disputes relating to non trade payments within a reasonably practical time frame with overdue invoices paid promptly. The Operations department will resolve all payment disputes relating to trading related payments and follow the same process as the finance department.
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
Concord Resources Limited is registered in London and forms part of the Concord group, a privately owned commodity merchant trading business domiciled in Bermuda with operating offices in the UK, US and Hong Kong. The wider group describes itself as a global merchant trader focused on non-ferrous metals, minerals and related ores, active in sourcing, price management, transportation, storage and delivery of these commodities, as well as structured finance and off-take agreements. The group reports revenues of US$4.2bn and traded volumes of 2.9 million tonnes. This UK-registered company operates as part of that international trading network rather than as an independent operating business in its own right.
Generated from the company's website and Companies House records. Sources: concordltd.com · concordltd.com