SUNSEEKER INTERNATIONAL LIMITED
Company number: 00675320
Reporting period:
1 January 2022 to
30 June 2022
This report was filed on 15 July 2022
and approved by James Antell
Payment statistics
Average time taken to pay invoices: 52 days
Invoices paid:
- within 30 days: 24%
- in 31 to 60 days: 34%
- in 61 days or more: 42%
Invoices due but not paid within agreed terms: 68%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
Our standard payment terms depend on a range of factors, including the volume of business, length of relationship and financial position of our suppliers. Typically we would pay on a proforma basis for a new supplier that we do not anticipate doing a high volume of business with. We would try to increase payment terms over time and with greater volume.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Dispute resolution is managed by a dedicated buyer within the procurement team. Disputes will typically occur over product price or product quality so resolution can be immediate or it may take weeks or even months for the most complicated cases.
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, this business has not signed up to a code of conduct or standards on payment practices.
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