Score of 94.7/100 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 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 17 | 93% | 6% | 1% | 5% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 18 | 92% | 7% | 1% | 7% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 17 | 88% | 11% | 1% | 8% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 17 | 93% | 7% | 0% | 10% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 15 | 93% | 7% | 0% | 8% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 19 | 85% | 15% | 0% | 13% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are 30 days after invoice document date. We hold individual agreements with some of our suppliers for differing terms ranging from immediate to the standard 30 days, and also direct debit payments.
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 Company has a dedicated accounts payable team, which can be reached by Email. Suppliers with invoice queries need to contact this team, and if the accounts payables ream is not able to resolve they escalate the issue to the buyer associated with the invoice. Disputes are handled by a combination of the accounts payable team and the buyer’s department who placed the order, and will be escalated to senior management if it cannot be resolved satisfactorily.
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
Graphcore Limited is the registered UK company within the Graphcore group, a designer of processors built specifically for machine intelligence and AI applications. The wider group develops the Intelligence Processing Unit (IPU), used to accelerate machine learning workloads in the cloud and by enterprise customers, with products available through partners such as Microsoft Azure and Dell. Headquartered in Bristol with operations also in Cambridge and London among other locations, the group has raised substantial venture funding over its history. According to its own website, the group is now a wholly owned subsidiary of SoftBank Group Corp, continuing to operate under the Graphcore name.
Generated from the company's website and Companies House records. Sources: graphcore.ai · graphcore.ai