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Company number: 00690190

Reporting period:
1 July 2021 to 31 December 2021

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

This report was filed on 28 January 2022

and approved by Philip Wainwright

Payment statistics

Average time taken to pay invoices: 76 days

Invoices paid:

Invoices due but not paid within agreed terms: 45 %

Payment terms

Standard payment period for qualifying contracts

60 days

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

60 days

Any other information about payment terms

For the six month reporting period to 31 December 2021, 73% of invoices were paid to smaller businesses within 30 days.
We have been working hard during 2021 and 2022 with our suppliers to ensure accurate and adequate detail is provided on supplier invoices, whilst also improving the efficiency of our own processes and reporting systems, whilst maintaining the legally-required controls that are necessary for us to avoid fraud and error. We anticipate that we will improve performance, enabling us to meet Payment Practices Reporting targets in subsequent reporting periods.

Significant expenditure and resources have been incurred on modifying reporting systems and internal processes to identify the small companies for reporting and then ensure improvement during a period of disruption where Covid restrictions impacted on finance and other staff working in the office, at the same time as the Group was completing a core finance system migration and implementing the additional processing requirements required by the new Domestic Reverse Charge VAT legislation.

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?