Company number: 00349201
and approved by Rachel Kentleton
Average time taken to pay invoices: 25 days
Invoices paid:
Invoices due but not paid within agreed terms: 8%
14 days
45 days
St. Modwen Properties Ltd’s standard supplier payment terms are ’45 days from date of invoice’. Subcontractor suppliers are paid more quickly in line with their contract. Payment of any amount ascertained in accordance with the Contract under an Interim Application (if any) to the Contractor shall become due 28 days after the Application Date ("Payment Due Date"). St. Modwen Properties Ltd is committed to supporting SMEs which are therefore paid on shorter terms, between 14 and 30 days.
Answer not provided
N/A
45 days
No further comment provided
As per the Prompt Payment Code we aim to pay all suppliers with less than 50 employees within 30 days of receipt of a compliant invoice, i.e. quoting the correct Purchase Order number
St. Modwen Properties Ltd is committed to fair dealing with all of its supply chain members, and transparency and swift resolution of disputed items are key principles in this process. If a dispute arises the parties will attempt, in good faith, to reach settlement as soon as possible. If the dispute is not resolved it shall be referred to expert determination.
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
Yes, this business has signed up to: Prompt Payment Code
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No