SANDICLIFFE LIMITED
Company number: 03193805
Reporting period:
1 July 2020
to 31 December 2020
This report was filed on 19 January 2021
and approved by STEPHANIE ASHER
Payment statistics
Average time taken to pay invoices: 22 days
Invoices paid:
- within 30 days: 73%
- in 31 to 60 days: 12%
- in 61 days or more: 13%
Invoices due but not paid within agreed terms: 12 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
Days we have to pay the previous month in full from the last day of previous month.
So 01.11.20 - 30.11.20 invoices are due within 30 days from 30.11.20
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
Put a query in with the credit control department of the supplier. Discussions take place from there between credit control supplier and our departmental manager where the invoice was created from.
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.
Yes
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