SLAUGHTER AND MAY SERVICES COMPANY

Company number: 00785646

Reporting period:
1 May 2024 to 31 October 2024

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This report was filed on 29 November 2024

and approved by Jill Hoseason

Payment statistics

Average time taken to pay invoices: 7 days

Invoices paid:

• within 30 days: 100%

Invoices due but not paid within agreed terms: 0%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

Our most frequently used payment terms for qualifying contracts require payment within 30 days.

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

30 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

In the event of a dispute, we would expect the supplier to get in touch with their usual contact at Slaughter and May Services Company to discuss the issue.  The contact person (which will vary from contract to contract) would then aim to deal promptly with the complaint/dispute in accordance with the terms of the contract. 

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