SANDICLIFFE LIMITED
Company number: 03193805
Reporting period:
1 January 2021
to 30 June 2021
This report was filed on 1 August 2021
and approved by STEPHANIE ASHER
Payment statistics
Average time taken to pay invoices: 36 days
Invoices paid:
- within 30 days: 91%
- in 31 to 60 days: 7%
- in 61 days or more: 2%
Invoices due but not paid within agreed terms: 22 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
30 days from last day of previous month.
For example any invoices for the month of June 2021 dated 01.06.21 to 30.06.21 are all due to be paid by 30.07.21.
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
Departmental manager would state NO or HOLD to any invoices and detail why they are not authorised for payment.
This information is handed over to the supplier to mark invoice as a query so we are not chased for payment.
The supplier, purchase ledger team and manager work together to resolve.
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