STEMCOR LONDON LIMITED
Company number: 07764918
Reporting period:
1 January 2021
to 30 June 2021
This report was filed on 22 July 2021
and approved by Julian Verden
Payment statistics
Average time taken to pay invoices: 5 days
Invoices paid:
- within 30 days: 97%
- in 31 to 60 days: 3%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 26 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
30 days
Standard payment terms
Our standard payment terms vary depending on the supply:
Material purchases are predominantly made via Letters of Credit.
Service costs for freight, storage and haulage vary from immediate payment up to 30 days end of month.
Overhead costs are predominantly 30 days end of month.
Note: Our analysis of payments against terms also includes disputed invoices.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
Dispute resolution process
Suppliers will engage in dialogue directly with our commercial/administration teams or via our agent in the relevant country. Steps will be taken to resolve the issue in a timely manner in order to maintain good relations.
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