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SMS METER ASSETS LIMITED

Company number: SC320750

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 27 January 2023

and approved by Gail Blain

Payment statistics

Average time taken to pay invoices: 15 days

Invoices paid:

Invoices due but not paid within agreed terms: 0 %

Payment terms

Shortest standard payment period

5 days

Longest standard payment period

60 days

Standard payment terms

Intercompany payments make up the majority of transactions, with payment terms of 15 days.

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

No

Maximum contractual payment period agreed

60 days

n/a

Any other information about payment terms

n/a

Dispute resolution process

Our dispute resolution process is detailed in each contract under a dispute resolution clause which may vary per contract. If a resolution cannot be found between senior staff, mediation can be sought and court proceedings would follow if necessary.

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