BETA This is a new service – your feedback will help us to improve it.

STHREE MANAGEMENT SERVICES LIMITED

Company number: 04255086

Reporting period:
1 December 2018 to 31 May 2019

---

This information is as reported by the business, and responses are in their own words.

This report was filed on 27 June 2019

and approved by Alex Smith

Payment statistics

Average time taken to pay invoices: 45 days

Invoices paid:

• within 30 days: 57%
• in 31 to 60 days: 29%
• in 61 days or more: 14%

Invoices due but not paid within agreed terms: 0 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

60 days

Standard payment terms

Standard payment terms of 28 days from invoice receipt to our Contractors. All payments are made within terms unless agreed by exception.
Standard payment terms of 30 days from invoice receipt for our suppliers unless agreed otherwise by exception.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

N/A

Dispute resolution process

Contractors email grpcontpayroll@itr1.co.uk and we work with the contractor to resolve the issue
Suppliers email ap.nt.sthreellp@sthree.com who will contact the approver of the goods. We will then work with the supplier to resolve the issue

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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

No

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