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Company number: 00310690

Reporting period:
1 August 2020 to 31 January 2021

Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 13 October 2021

and approved by Jim Inglis

Payment statistics

Average time taken to pay invoices: 59 days

Invoices paid:

Invoices due but not paid within agreed terms: 22 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

90 days

Standard payment terms

H E Simm & Son Limited has negotiated payment terms. Payment terms are agreed with suppliers as part of contract negotiations. The most commonly used payment terms in the reporting period are 60 days.

Were there any changes to the standard payment terms in the reporting period?


Maximum contractual payment period agreed

90 days

Payment periods are the agreed number of days after the end of the month the invoice or sub-contract application is received

Any other information about payment terms


Dispute resolution process

The HE Simm Supply Chain Charter applies to all subcontractors and suppliers working with the company. The company actively seeks to resolve disputes by discussing them with the relevant suppliers and sub-contractors, initially involving the procurement and commercial teams as appropriate and, where necessary, with accounts payable and management. Where it is not possible to reach agreement, the procedure for adjudication and arbitration are included in all sub-contract agreements.

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?