BETA This is a new service – your feedback will help us to improve it.

E H SMITH (BUILDERS MERCHANTS) LIMITED

Company number: 00800907

Reporting period:
1 July 2020 to 31 December 2020

---

This information is as reported by the business, and responses are in their own words.

This report was filed on 22 January 2021

and approved by John Parker

Payment statistics

Average time taken to pay invoices: 43 days

Invoices paid:

• within 30 days: 19%
• in 31 to 60 days: 67%
• in 61 days or more: 14%

Invoices due but not paid within agreed terms: 38 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

60 days

Standard payment terms

Payments generally made with agreed payment terms unless queries are outstanding on invoices

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

The majority of purchase invoices go through an auto matching process where they are checked against the original purchase order. If they are within agreed tolerances then our system will process these through to the supplier accounts. Any that fail will go into query and be allocated to the relevant member of staff to resolve the issue(s). Weekly reports are run and distributed to ensure that queries are being resolved with suppliers.

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.

Yes

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