The average payment time for ONE-O-ONE CONVENIENCE STORES LIMITED is 39 days, with a significant majority (75%) of payments occurring between 31 and 60 days. This indicates a consistent trend of payments being processed in the second month following invoice receipt. Only 23% of payments are settled within 30 days, suggesting a predictable pattern of extended payment cycles.
The high concentration of payments (75%) within the 31-60 day window, coupled with a low 3% late payment rate, indicates a generally reliable payment schedule. While very few payments are made exceptionally late (2% over 60 days), suppliers should not anticipate early settlements. The predictability lies in payments consistently arriving in the extended 31-60 day timeframe, not sooner.
Suppliers can generally proceed with ONE-O-ONE CONVENIENCE STORES LIMITED, expecting payments to average around 39 days with a low risk of extreme lateness. The key decision factor is the supplier's capacity to comfortably manage a payment cycle predominantly falling between 31-60 days. To mitigate risk, suppliers should accurately factor this extended payment term into their cash flow forecasting and credit limit assessments.
| 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 Oct 2021 - 31 Mar 2022 | 19 May 2022 | 39 | 23% | 75% | 2% | 3% |
| 01 Apr 2021 - 30 Sept 2021 | 09 Dec 2021 | 40 | 21% | 78% | 2% | 4% |
| 01 Oct 2020 - 31 Mar 2021 | 27 May 2021 | 38 | 28% | 70% | 2% | 5% |
| 01 Apr 2020 - 30 Sept 2020 | 20 Oct 2020 | 38 | 31% | 66% | 2% | 21% |
| 01 Oct 2019 - 31 Mar 2020 | 22 Apr 2020 | 38 | 29% | 67% | 4% | 20% |
| 01 Apr 2019 - 30 Sept 2019 | 17 Oct 2019 | 37 | 30% | 66% | 4% | 17% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 38 | 26% | 70% | 3% | 10% |
| 01 Apr 2018 - 30 Sept 2018 | 23 Oct 2018 | 42 | 21% | 71% | 8% | 8% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
EOM + 30 days
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
68
Any disputes are dealt with, initially, by the Accounts Payable Team. Where a resolution is not achieved the issue is passed to director level.
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
ONE-O-ONE CONVENIENCE STORES LIMITED operates as a private limited company, specialising in the retail sector through the operation of convenience stores.
The company, registered under company number SC074212, was incorporated on 18 March 1981 and maintains an active status. Its registered office is located at Hamilton House, 70 Hamilton Drive, Glasgow, United Kingdom, G12 8DR.
In the UK market, convenience stores typically provide a broad selection of everyday essential products. These commonly include groceries, snacks, beverages, newspapers, and various household items, offering accessible retail services to local communities.
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