SBFM LIMITED
Company number: 08517137
Reporting period:
1 June 2025 to 30 November 2025
Report filed on:
19 December 2025
Approved by:
Stuart Hamilton
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: 52 days
Total value paid:
- within 30 days: £6,615,076 (51%)
- in 31 to 60 days: £3,772,038 (29%)
- in 61 days or more: £2,653,131 (20%)
Invoices paid:
- within 30 days: 15%
- in 31 to 60 days: 78%
- in 61 days or more: 7%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £4,262,234
- payments due in the reporting period which have not been paid within the agreed period: 10%
- not made in the reporting period due to a dispute: 1%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
90 days
Standard payment terms
Our standard payment terms state that payment of supplier invoices for goods and services will be made within 60 days of receipt of invoice when a correct, undisputed and properly due VAT invoice is received. However, consideration is given to SME suppliers and public sector contractors where alternative payment terms of 30 days from receipt of invoice where a correct, undisputed and properly due VAT invoice is received may be agreed. The business operates a no purchase order, no pay policy. Any invoice received without a valid purchase order number is rejected and returned to the supplier.
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 provided
Any other information about payment terms
No further comment provided
Dispute resolution process
In the event of a dispute accounts payable with liaise with the procuring department and supplier directly to resolve the query. We operate a no purchase order no pay policy and suppliers are instructed not to supply goods or services without a purchase order which minimises disputes.
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