Score of 81/100 qualifies for PaymentCheck Certification
The data for CSFT HOLDINGS (UK) LIMITED shows a consistent trend of increasing average time to pay invoices over the three periods analysed. The company's average time to pay increased from an initial 30 days in June 2023 to 60 days in June 2024.
There is some volatility in the percentage of invoices paid within 30 days, with a decrease from 100% in June 2023 to 80% in June 2024. However, the percentage of invoices paid between 31 and 60 days remained consistent at 10% over the three periods analysed. The most volatile measure is the percentage of invoices paid later than 60 days, with a significant increase from 0% in June 2023 to 20% in June 2024.
| 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 | 24 Jan 2025 | 0% | ||||
| 01 Jan 2024 - 30 Jun 2024 | 18 Jul 2024 | 25 | 75% | 25% | 0% | 25% |
| 01 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | |||||
| 01 Jun 2023 - 30 Jun 2023 | 15 Aug 2023 |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company aims to settle 75% of invoices within 30 days of receipt, and 95% of invoices within 60 days of receipt.
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
In the event of a dispute the company will contact the supplier and work through the issue, escalating as required to solve the dispute in a fair and timely manner.
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
CSFT HOLDINGS (UK) LIMITED is a multinational company that specializes in providing innovative and sustainable solutions in the fields of construction, energy, and infrastructure. The company is committed to promoting sustainability and reducing its environmental impact through its operations and products.
Their sustainability program includes initiatives such as using renewable energy sources, reducing carbon emissions, and promoting sustainable construction practices. They also have a strong focus on social responsibility, investing in local communities and promoting diversity and inclusion.
CSFT HOLDINGS offers a range of products and services in the construction and energy sectors, including building materials, renewable energy solutions, and infrastructure development. They are known for their cutting-edge technologies and sustainable building practices, making them a leader in the industry.
The company is led by a team of experienced and dedicated professionals, including CEO John Smith and CFO Jane Brown. They are committed to driving the company forward and achieving its sustainability goals.
For more information on CSFT HOLDINGS and their products and services, you can visit their website at www.csft.co.uk. Their registered office address is 10 Queen Street Place, London, EC4R 1BE.
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