SEQIRUS UK LIMITED

Company number: 09614642

Reporting period:
1 January 2018 to 30 June 2018

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This report was filed on 9 August 2018

and approved by Kian Meng Lim

Payment statistics

Average time taken to pay invoices: 51 days

Invoices paid:

• within 30 days: 41%
• in 31 to 60 days: 22%
• in 61 days or more: 37%

Invoices due but not paid within agreed terms: 59%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

Standard contractual terms for goods and services is 30 days

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

30 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

All queries are addressed via the Seqirus UK Accounts Payable team in the Seqirus Global Financial Shared Service Centre in Liverpool. Queries are addressed when raised by suppliers by one of the two accounts payable clerks responsible for Seqirus UK. Any invoices not quoting a purchase order, or if there are any price/quantity issues are sent back to the supplier with a covering letter to resolve with the relevant person in the business. If there are any other ad-hoc queries, these are dealt with over the phone or by email by the accounts payable team.

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