GOV.UK
SIKA LIMITED
Company number: 00226822
Reporting period:
1 January 2020
to 30 June 2020
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 24 July 2020
and approved by Mr Daniel Lang
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 87%
- in 31 to 60 days: 10%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 47 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
75 days
Standard payment terms
The company does not have a predetermined strategy for standard payment terms. Payment terms range from 7 days following invoice date to 60 days following invoice period end.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
75 days
Any other information about payment terms
N/A
Dispute resolution process
The Account Payable team contact suppliers in order to resolve any issues as soon as possible and ensure prompt payment.
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