STANDARD LIFE EMPLOYEE SERVICES LIMITED
Company number: SC271355
1 July 2020
to 31 December 2020
This report was filed on 30 January 2021
and approved by Patrick Bartlett
Average time taken to pay invoices: 43 days
- within 30 days: 48%
- in 31 to 60 days: 34%
- in 61 days or more: 18%
Invoices due but not paid within agreed terms: 28 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
Were there any changes to the standard payment terms in the reporting period?
Standard payment terms were moved to 30 days across the SLA group, previously they had been a mixture of 30 and 60 depending on entity.
Were suppliers notified or consulted about these changes before they were made?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
DISPUTES Any dispute relating to the interpretation of, arising out of, relating to or in connection with the Agreement will be referred in the first instance to a member of Standard Life’s senior management and a director of the Supplier for resolution.
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.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?