GOV.UK
SEPURA LIMITED
Company number: 04353801
Reporting period:
1 July 2019
to 31 December 2019
This report was filed on 4 February 2020
and approved by Duncan Crouch
Payment statistics
Average time taken to pay invoices: 45 days
Invoices paid:
- within 30 days: 38%
- in 31 to 60 days: 38%
- in 61 days or more: 24%
Invoices due but not paid within agreed terms: 74 %
Payment terms
Shortest standard payment period
14 days
Longest standard payment period
90 days
Standard payment terms
Sepura's standard payment terms are Net Monthly and bespoke terms are 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
36% of invoices are paid to Net 60, Net 90 or bespoke terms.
64% of invoices are paid to the accepted Net Monthly terms.
19% are outside of the accepted Net Monthly terms due to disputes, e.g. late deliveries, quality, quantity, compliance of spec, missing invoices, and other.
Of the 19% paid outside of the accepted terms, 61% of the disputes were resolved and payments were made within 30 days.
Dispute resolution process
As an approved supplier, please forward proof of debit to payables@sepura.com specifying the below information, where Sepura Accounts Payable staff will return correspondence by close of next working day.
a) Full supplier name and registered address
b) The Sepura contact who approved the order
c) A copy of all documents clearly stating Sepura Ltd and a valid Purchase Order
d) Full details of your 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