E H SMITH (BUILDERS MERCHANTS) LIMITED
Company number: 00800907
Reporting period:
1 January 2021
to 30 June 2021
This report was filed on 30 July 2021
and approved by A J Parker
Payment statistics
Average time taken to pay invoices: 41 days
Invoices paid:
- within 30 days: 23%
- in 31 to 60 days: 67%
- in 61 days or more: 10%
Invoices due but not paid within agreed terms: 50 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
90 days
Standard payment terms
Generally either 30 or 60 days from date of invoice
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
A significant proportion of purchase invoices are received the EDI and are auto matched against the original purchase order. Any disputes are logged in the computer system as queries and a query report is weekly across the business and closely monitored. An escalation process exists if queries cannot be resolved within the initial 10 working days
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