GOV.UK
E H SMITH (BUILDERS MERCHANTS) LIMITED
Company number: 00800907
Reporting period:
1 July 2022
to 31 December 2022
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 23 January 2023
and 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%
Invoices due but not paid within agreed terms: 52 %
Payment terms
Shortest standard payment period
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
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
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 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