E H SMITH (BUILDERS MERCHANTS) LIMITED
Company number: 00800907
Reporting period:
1 July 2022 to 31 December 2022
Report filed on:
23 January 2023
Approved by:
Ian Grainger
Payment statistics
Average time taken to pay invoices: 42 days
Invoices paid:
- within 30 days: 22%
- in 31 to 60 days: 65%
- in 61 days or more: 13%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 52%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms are 30 days from date of invoice end of month. Invoices under query due to incorrect price, quantity or no proof of delivery will delay payments
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Invoices in dispute due to incorrect price, quantity, product or no proof of delivery are recorded in the Query log. Weekly Query reports are circulated to the appropriate members of staff for resolution. Queries older than 10 days move to an escalation process.
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 Fair 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