| 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 Apr 2019 - 30 Sept 2019 | 02 Oct 2019 | 28 | 96% | 3% | 1% | 4% |
| 01 Apr 2018 - 30 Sept 2018 | 26 Oct 2018 | 24 | 94% | 4% | 2% | 5% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard Payment terms are 30 days from the date of a valid invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
We have an electronic ordering system that removes most of the disputes. We also have carious admin teams set up to cover different areas of the business when ordering goods or services. There is an escalation process there and normally this is resolved within the tea, however occasionally a dispute arises and a proof of delivery of goods is requested and then this invoice is settled. This can then be escalated through our chain of command
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
Culture and Sport Glasgow is the registered charity that trades as Glasgow Life. It operates the city's network of museums, libraries, sports centres and cultural venues, delivering programmes in arts, music, libraries, community support and sport. Income from activities such as gyms, ticketed events and shops is reinvested into charitable services aimed at improving residents' mental, physical and economic wellbeing. The charity also runs learning and community initiatives, hosts events and festivals, and provides venue hire for functions such as weddings and corporate events. It manages venues including Kelvingrove Art Gallery, Glasgow Royal Concert Hall, Glasgow Club sites and city libraries, supporting Glasgow's visitor economy and civic life.
Generated from the company's website and Companies House records. Sources: forms.glasgowlife.org.uk · forms.glasgowlife.org.uk · forms.glasgowlife.org.uk