SECURE METERS (UK) LIMITED
Company number: 02199653
Reporting period:
1 October 2021
to 31 March 2022
This report was filed on 29 April 2022
and approved by KAUSHAK PATEL
Payment statistics
Average time taken to pay invoices: 23 days
Invoices paid:
- within 30 days: 92%
- in 31 to 60 days: 6%
- in 61 days or more: 2%
Invoices due but not paid within agreed terms: 4 %
Payment terms
Shortest standard payment period
1 days
Longest standard payment period
90 days
Standard payment terms
30 days from invoice and 30 days from end of the month
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
NA
Any other information about payment terms
NA
Dispute resolution process
For any non payment/dispute information received by our user or accounts, the same is checked against our accounting records for non payment & if not paid the request is send to our user & if our user of goods/services is in agreement with the supplies invoice, the same is approved & sent to
accounts for processing.
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