SIGMA CONNECTED LTD
Company number: 01221157
Reporting period:
1 May 2025 to 31 October 2025
Report filed on:
14 November 2025
Approved by:
Andrew Law
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 16 days
Total value paid:
- within 30 days: £22,065,238 (93%)
- in 31 to 60 days: £1,336,757 (6%)
- in 61 days or more: £350,906 (1%)
Invoices paid:
- within 30 days: 88%
- in 31 to 60 days: 11%
- in 61 days or more: 1%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £1,999,189
- payments due in the reporting period which have not been paid within the agreed period: 17%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Payment terms are agreed at the point of contracting with a new supplier and are defined by the supplier. The most usual terms are 30 days from the date of invoice. Any changes to supplier terms, are agreed with the supplier and the Executive before updating the suppliers master record.
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
60 days
No further comment
Any other information about payment terms
No further comment
Dispute resolution process
Disputed invoices are the responsibility of the business stakeholder to resolve with the supplier. A dedicated email address is set up for suppliers to enquire on the status of their payment.
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