SEASALT LIMITED
Company number: 02259954
Reporting period:
1 August 2025 to 31 January 2026
Report filed on:
10 March 2026
Approved by:
Paul Hayes
Payment statistics
Average time taken to pay invoices: 34 days
Total value paid:
- within 30 days: £14,808,654 (34%)
- in 31 to 60 days: £21,179,229 (49%)
- in 61 days or more: £7,186,411 (17%)
Invoices paid:
- within 30 days: 49%
- in 31 to 60 days: 39%
- in 61 days or more: 12%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £25,733,655
- payments due in the reporting period which have not been paid within the agreed period: 48%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
90 days
Standard payment terms
Our default payment term for non stock suppliers is net 30 days, although this is negotiable. Our default payment term for stock suppliers is bill of lading date + 60-90 days. Terms vary by supplier. We make payments weekly, on Thursdays, encompassing anything due or falling due before the following Thursday.
Were there any changes to the standard payment terms in the reporting period?
Towards the end of this period we moved from paying invoices due in current week & overdue to include invoices falling due up to and including following Wednesday.
Were suppliers notified or consulted about these changes before they were made?
No
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
If there is a dispute on a payment, the invoice is put on hold and further investigation takes place between Accounts Payable, the ordering department and the Supplier. Once a resolution has been agreed the invoice will be paid within the normal payment terms for that supplier. If resolved after the payment due date then the invoice will be paid on the next weekly payment run.
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