GOV.UK
SEPURA LIMITED
Company number: 04353801
Reporting period:
1 January 2019
to 30 June 2019
This report was filed on 31 July 2019
and approved by Duncan Crouch
Payment statistics
Average time taken to pay invoices: 43 days
Invoices paid:
- within 30 days: 39%
- in 31 to 60 days: 46%
- in 61 days or more: 15%
Invoices due but not paid within agreed terms: 87 %
Payment terms
Shortest standard payment period
14 days
Longest standard payment period
90 days
Standard payment terms
Net monthly with bespoke terms agreed on an individual basis
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
13% of invoices are paid within bespoke terms.
69% of invoices are paid within the accepted net monthly terms.
18% are outside of the accepted terms due to disputes, e.g. late deliveries, quality, quantity, compliance of spec, missing invoices, and other.
Of the 18% paid outside of the accepted terms, 78% of the disputes were resolved and payments were made within 30 days.
Dispute resolution process
Approved suppliers are requested to notify Accounts Payable staff of any disputes and the Company is committed to responding by the close of the next working day. Information requested to address a potential dispute includes:
a) Full supplier name and registered address
b) The individual who approved the order
c) A copy of all documents clearly stating Sepura Limited and a valid Purchase Order
d) Full details of the dispute
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