SEPURA LIMITED
Company number: 04353801
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
30 July 2025
Approved by:
Jane Farebrother
Payment statistics
Average time taken to pay invoices: 39 days
Total value paid:
- within 30 days: £7,926,358 (23%)
- in 31 to 60 days: £11,663,207 (35%)
- in 61 days or more: £14,182,734 (42%)
Invoices paid:
- within 30 days: 37%
- in 31 to 60 days: 48%
- in 61 days or more: 15%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £1,749,866
- payments due in the reporting period which have not been paid within the agreed period: 5%
- not made in the reporting period due to a dispute: 2%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
90 days
Standard payment terms
Sepura's standard payment terms are Net Monthly and bespoke terms are agreed on an individual basis.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
37.5% of invoices are paid to Net 60, Net 90 or bespoke terms
62.5% of invoices are paid to the accepted Net Monthly terms.
5% are outside of the accepted Net Monthly terms due to disputes, e.g. late deliveries, quality, quantity, compliance of spec, missing invoices, and other.
Of the 5% paid outside of the accepted terms, 83% of the disputes were resolved and payments were made within 30 days."
Dispute resolution process
Sepura Limited has a dedicated Accounts Payable Team that offers suppliers support and query resolution. There are two contact methods, email and telephone Monday to Friday. Contact made via email is actioned by one of the AP Team members within 48 hours. Depending on the nature of the query, the majority are resolved within 3 working days.
For telephone queries, these are answered immediately and the process remains unchanged.
When queries cannot be resolved by the AP Team these are escalated to the Treasury Manager before the Financial Controller for resolutions. However, this very rarely happens.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No