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SEYMOUR DISTRIBUTION LIMITED

Company number: 02954685

Reporting period:
1 January 2022 to 30 June 2022

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

This report was filed on 22 July 2022

and approved by Jonathan Mark Lambert

Payment statistics

Average time taken to pay invoices: 28 days

Invoices paid:

• within 30 days: 56%
• in 31 to 60 days: 37%
• in 61 days or more: 7%

Invoices due but not paid within agreed terms: 61 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

30 days

Standard payment terms

Publisher clients are paid from self-billed invoices on the agreed payment dates, the majority of which are typically paid one month after the end of the month of product onsale, and based on EPOS data where applicable. Standard purchase ledger supplier invoices are settled within 30 days from receipt of a valid invoice.

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

No

Maximum contractual payment period agreed

30 days

Any other information about payment terms

N/A

Dispute resolution process

Accounts Payable engage with the supplier and relevant internal account manager to assist in resolving disputed payment queries. Ultimately, any differences between the parties are subject to the laws of England and Wales and the jurisdiction of the English courts, although it is extremely rare that disputes cannot be resolved through negotiation with the supplier/publisher client.

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.

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