SHEPHERD NEAME LIMITED
Company number: 00138256
Reporting period:
24 December 2023 to 29 June 2024
Report filed on:
26 July 2024
Approved by:
Mark Rider
Payment statistics
Average time taken to pay invoices: 36 days
Invoices paid:
- within 30 days: 77%
- in 31 to 60 days: 14%
- in 61 days or more: 9%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 22%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
75 days
Standard payment terms
We have the following standard terms: • 7 days • 14 days • 21 days • 30 days • 60 days • 75 days • 10th day of month following month of invoice • 15th day of month following month of invoice • 20th day of month following month of invoice • 28th day of month following month of invoice • 30th day of month following month of invoice • 60th day of month following month of invoice
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
90 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Our accounts payable administrator is the point of contact and receives a phone call/email. This role then contacts the appropriate person in the company if required.
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