Company number: 10375531
and approved by Fraser Park
Average time taken to pay invoices: 58 days
Invoices paid:
Invoices due but not paid within agreed terms: 36%
30 days
90 days
The company negotiates and agrees payment terms with its suppliers. This will result in payment terms varying per supplier. The most common payment term is current month plus 30 days; although payment terms can range from being payable on receipt to current month plus 60 days.
Answer not provided
N/A
90 days
No further comment provided
N/A
Supplier invoices and payments are managed by the various divisions at Stewart Milne Group; each division being responsible for their own supplier invoices. Disputed invoices will be communicated with the supplier by the appropriate department/individual involved. This will be investigated and resolved by the appropriate department and resolved in a timely manner. Divisional Finance Director’s will get involved if required. Complaints from supplier about payment and payment disputes are dealt with on an individual basis. In cases of non-payment; the supplier is kept up to date with the status by the division responsible. Complaints are raised in the first instance with the person responsible for the contract and can be escalated to divisional finance director and divisional managing director as appropriate.
For example, signatories to The Prompt 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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No