STORY CONTRACTING LIMITED
Company number: 03709861
Reporting period:
1 April 2022 to
30 September 2022
This report was filed on 31 October 2022
and approved by Russell Collins
Payment statistics
Average time taken to pay invoices: 37 days
Invoices paid:
- within 30 days: 49%
- in 31 to 60 days: 40%
- in 61 days or more: 11%
Invoices due but not paid within agreed terms: 11%
Payment terms
Shortest standard payment periods
31 days
Longest standard payment period
62 days
Standard payment terms
Payment Terms Supplier - Current Month End date plus 1 Month
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
62 days
Some supplier have agreed payment terms out of the standard terms for national Plant Business.
Any other information about payment terms
We can offer reduce payment terms for a suppler on a individual basis
Dispute resolution process
Invoices are queried with Supplier and Purchase Ledger invoices will not be paid until a credit is received or resolved. Subcontractor pay less notices are given to subcontractors after review of application. We are looking to reduce the times taken to resolve with each supplier/subcontract depending on volume.
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.
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