SES (ENGINEERING SERVICES) LIMITED
Company number: 00690190
1 January 2021
to 30 June 2021
This report was filed on 29 July 2021
and approved by Philip Wainwright
Average time taken to pay invoices: 37 days
- within 30 days: 55%
- in 31 to 60 days: 31%
- in 61 days or more: 14%
Invoices due but not paid within agreed terms: 52 %
Standard payment period for qualifying contracts
Standard payment terms
SES (Engineering Services) Limited do not use standard payment terms. Payment terms are agreed with suppliers in line with contract negotiations. The most frequently used payment terms in the reporting period are 60 days from the end of month following the tax point of invoice.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
Material Deliveries - If there is no record of a delivery being made, proof of delivery is requested by the accounts department
Incorrect Price - If goods are charged at a different rate to that agreed at the point of ordering, the buying dept. will contact the supplier to resolve the discrepancy
Sub-Contractors : Where dispute arises, the Project QS will liaise with the sub-contractor to resolve any issues
For both suppliers and subcontractors if the dispute cannot be resolved through the normal process as detailed above the matter will be escalated internally to either the financial controller, finance director, group supply chain director or regional director dependent upon the nature of the dispute
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.
Yes – Prompt Payment Code
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?