SURESERVE COMPLIANCE SOUTH LIMITED
Company number: 05158607
Reporting period:
1 April 2025 to 30 September 2025
Report filed on:
24 October 2025
Approved by:
David Greenfield
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 13%
- in 31 to 60 days: 86%
- in 61 days or more: 1%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 14%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
91 days
Standard payment terms
Terms are agreed as part of contract negotiations. Terms may vary from immediate to 60 days from end of month (i.e. up to a maximum of 91 days as noted above). Standard terms are 30 days. Note, on payment statistics our two largest suppliers have been calculated using a newly agreed invoicing mechanism based on payment terms of 60 days end of month. Under the previous mechanism, for the six month to 30 September 2025, invoice paid in 31 to 60 days would have been 25%, invoices paid in 61 days or more would have been 62% and the average time taken to pay invoices would have been 38 days.
Were there any changes to the standard payment terms in the reporting period?
We agreed extended payment terms on two occasions: end of June and end of September to the beginning of July and October respectively.
Were suppliers notified or consulted about these changes before they were made?
Verbally agreed between our managing director and the supplier.
Maximum contractual payment period agreed
91 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The Accounts Payable team look to resolve disputes by discussing them with the relevant suppliers or subcontractors. This may escalate to the Head of Purchase to Pay and/or the relevant team/senior manager if required.
Where it is not possible to reach agreement a number of dispute resolution methods such as mediation, adjudication, litigation and/or arbitration may be used.
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