SURESERVE COMPLIANCE SOUTH LIMITED
Company number: 05158607
Reporting period:
1 October 2025 to 31 March 2026
Report filed on:
27 April 2026
Approved by:
Shaun Maclean
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: 30 days
Total value paid:
- within 30 days: £24,000,000 (38%)
- in 31 to 60 days: £39,000,000 (61%)
- in 61 days or more: £760,000 (1%)
Invoices paid:
- within 30 days: 7%
- in 31 to 60 days: 92%
- 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: £9,000,000
- payments due in the reporting period which have not been paid within the agreed period: 7%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
91 days
Standard payment terms
Terms are agreed as part of contract negotiations. Terms 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 payments terms of 60 days end of month.
Were there any changes to the standard payment terms in the reporting period?
We agreed extended payment terms on two occasions: end October 2025 and end of November 2025 to beginning of November 2025 and December 2025 respectively.
Were suppliers notified or consulted about these changes before they were made?
Consulted and agreed directly with suppliers.
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 and may escalate to the head of purchase to pay and/or the relevant team/senior manager if required.
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