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STV CENTRAL LIMITED

Company number: SC172149

Reporting period:
1 July 2020 to 31 December 2020

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

This report was filed on 28 January 2021

and approved by Lindsay Dixon

Payment statistics

Average time taken to pay invoices: 28 days

Invoices paid:

• within 30 days: 69%
• in 31 to 60 days: 28%
• in 61 days or more: 3%

Invoices due but not paid within agreed terms: 32 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

STV Central Limited will generally operate to the supplier’s payment terms or as alternatively agreed with them.

STV Central Limited’s standard default payment terms are 30 days from the date of receipt of the supplier’s invoice.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

30 days

No

Any other information about payment terms

No

Dispute resolution process

Our policy on supplier payments determines that queries must be progressed and resolved swiftly.
If the query is of an operational or cost nature (for example, the service was not provided or the cost is not as agreed), either the original requisitioner of the goods or services or the authorising manager must revert to the supplier.
If the query is of a general invoicing nature (for example, a VAT error or lack of basic detail), the accounts payable department must revert to the supplier.

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