GOV.UK
SHEPHERD NEAME LIMITED
Company number: 00138256
Reporting period:
29 December 2019
to 27 June 2020
This report was filed on 13 July 2020
and approved by Mark Rider
Payment statistics
Average time taken to pay invoices: 36 days
Invoices paid:
- within 30 days: 72%
- in 31 to 60 days: 22%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 31 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
30 days
Standard payment terms
We have the following standard terms:
• 7 days
• 30 days
• 10th day of month following month of invoice
• 15th day of month following month of invoice
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Maximum contractual payment terms applied to 7 invoices across 6 suppliers for the total sum of £100,968 in the period. These are temporary terms applied as a result of Covid-19.
Any other information about payment terms
N/A
Dispute resolution process
Our accounts payable administrator is the point of contact and receives a phone call/email. This role then contacts the appropriate person in the company 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 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